US Added 559K Jobs In May, Unemployment At 5.8%

Bloomberg News reports:

U.S. job growth accelerated in May and the unemployment rate fell, signaling firms are making progress filling a record number of openings as the economy powers up. Payrolls increased by 559,000 last month after a revised 278,000 gain in April, according to a Labor Department report Friday. The median estimate in a Bloomberg survey of economists was for a 675,000 rise. The jobless rate dropped to 5.8%.

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U.S. employers added 559,000 jobs in May. The unemployment rate fell to 5.8%.https://t.co/CxsAC6k4Qi

— Ben Casselman (@bencasselman) June 4, 2021