Jun 1, 2018 - Economy & Business
Unemployment down to 3.8% after U.S. beats jobs expectations
- Alayna Treene, author of Axios Sneak Peek
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."