Jun 1, 2018 - Economy
Unemployment down to 3.8% after U.S. beats jobs expectations
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The U.S. added 223,000 jobs in May, up from 164,000 jobs added in April and 135,000 in March. The unemployment rate edged down to 3.8% from 3.9% in April.
Economists on Wall Street estimated that the economy added 190,000 jobs last month, and that the unemployment rate would remain unchanged at 3.9%.
Analysis:
- University of Michigan professor Justin Wolfers tweets: "The economy keeps on keeping on. A 9-year recovery continues, and it's now in a pretty good place."
