Sunday , May 28 2023

National unemployment hits 18-year low

The U.S. unemployment rate fell to 3.8 percent in May, the lowest rate recorded in 18 years.

Employers nationwide added 223,000 jobs, while average hourly pay rose 2.7 percent, slightly less than it grew in April, the U.S. Department of Labor reported.

Overall, there were 6.1 million people out of work last month.

Retail, health care, construction, professional-technical services and logistics were among the sectors that added workers last month, according to the labor department.

Check Also

hiring prospects

State adds 67,000 jobs

California added 67,000 non-agricultural jobs in April, enough to account for about one-fourth of the …