The U.S. economy added 390,000 jobs in May, extending a yearlong streak of strong gains, the Labor Department said Friday. The jobless rate remained at 3.6%.

The job market is coming off an exceptional stretch in which demand vastly exceeded the supply of available workers.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Judge hits pause on partial gag order in Trump federal election interference case

WASHINGTON — The judge overseeing the federal election interference case against Donald…

Pair held in deaths of 2 Colorado kids found in suitcase and concrete

Two suspects were being held Monday in connection with the deaths of…

Jada Pinkett Smith says she hopes to get ‘some answers’ after arrest is made in Tupac Shakur’s murder

Jada Pinkett Smith hopes for some closure after a Nevada man was arrested…

Rent Collection Is Down, and Apartment Owners Feel the Squeeze

The apartment business has weathered the Covid-19 pandemic better than most of…