U.S. Employers Added 138K Jobs in May—Fewer Than Expected
The U.S. economy added 138,000 jobs in May, a number that disappointed analysts but signaled the Federal Reserve would raise interest rates when it meets in two weeks. The Bureau of Labor Statistics reported the unemployment rate ticked down to 4.3 percent—its lowest measure since May 2001. Analysts had expected a figure of 185,000 jobs for the month. Average hourly wages were up 2.5 percent from the same time a year ago.