Jobs Report: Retail employment falls again in May
American retail workers have now lost jobs for the fourth straight month, locking in a trend in which shoppers are spurning bricks-and-mortar shops and buying on-line.
The U.S. economy added 138,000 new jobs in May, and the unemployment rate dipped to 4.3%, according to a report issued Friday by the Labor Department. Markets won't be too disappointed with these headline numbers, even though job growth was below economist expectations by roughly 50,000.
Data: Bureau of Labor Statistics; Chart: Lazaro Gamio / Axios