The US economy added 559k jobs in May, marking an increase in hiring compared to April (278k) but falling short of economist expectations. Meanwhile, the unemployment rate fell to 5.8% (from 6.1%) beating expectations.
Extra: Here’s the full report from the Bureau of Labor Statistics.
The New Paper
This story is from the June 4, 2021 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.