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US May Employment Increases by 272,000 'Exceeding Expectations'... Unemployment Rate at 4.0%

The increase in new jobs in the United States in May significantly exceeded expectations.


US May Employment Increases by 272,000 'Exceeding Expectations'... Unemployment Rate at 4.0% Photo by Pixabay


The U.S. Department of Labor announced on the 7th (local time) that nonfarm payrolls in the U.S. rose by 272,000 in May compared to the previous month. This figure surpasses the expert forecast of 190,000 compiled by Dow Jones.


The unemployment rate in May was 4.0%, slightly higher than the market expectation of 3.9%.


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