Employers in the United States added 139,000 workers to their payrolls in May, with the unemployment rate staying at 4.2%. Private sector added 140,000 jobs, exceeding forecasts. President Trump's program of shrinking the federal government led to a 22,000 decrease in federal employment in May.
Key Points
Private sector added 140,000 jobs
Average hourly earnings rose 0.4% in May
Federal government employment decreased by 22,000 in May
Pros
Private sector added more jobs than forecasted
Average hourly earnings rose 0.4% in May
Cons
Manufacturing employment contracted by 8,000 jobs in May