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MAY JOBS: 138K Added, Unemployment Falls to 4.3%

The May jobs report is in. America added almost 140,000 jobs last month, and the unemployment rate fell 0.1 percentage points, to 4.3 percent.

The U.S. government released its May jobs report on Friday morning. The toplines? The economy added 138,000 jobs and the unemployment rate fell to 4.3 percent.

Economists had expected slightly-larger job growth (182,000 jobs added) and a slightly-higher unemployment rate (4.4 percent).

Strong industries for job growth last month include education and health services (+47,000 jobs), professional and business services (+38,000 jobs), and leisure and hospitality (+31,000 jobs).

Ben Casselman of FiveThirtyEight noted that wages inched up as well.

In the first four jobs reports under President Donald Trump, the U.S. has created an estimated 594,000 jobs.