The economy added 138,000 nonfarm jobs in the month of May, lowering the unemployment rate to 4.3%, its lowest rating since May 2001. However, hiring slowed from what was expected. Economists predicted the economy adding 184,000 jobs in the month of May, and with reported near record high job openings, this suggests that businesses are struggling to find workers. The labor market is currently at or near full employment, which means everyone who is seeking a job has one.
Unemployment Rate Falls to 16-Year Low, But Hiring Slows
- Posted June 2
- by editor
- 0 comments

Share This Article
Leave a Reply
Blog
-
At the start of 2020 when COVID-19 took hold in the U.S., the Treasury Department rightly decided to push the […]
June 24 -
Congratulations to the Members of the 114th Congress! It is an exciting time for America, particularly in the knowledge-based economy. […]
February 2 -
On behalf of our organizations and the millions of Americans we represent across all 50 states, I write to express […]
January 29 -
July 8, 2014 Dear House Ways and Means Committee Chairman Dave Camp and Senate Finance Committee Chairman Ron Wyden: With […]
July 8 -
Once again we find ourselves preparing for the imminent possibility of a government shutdown. President Obama will soon approach Congress […]
August 8