US Gains 559,000 Jobs in May

The U.S. economy gained 559,000 jobs in May, the Labor Department reported Friday, as it continues to recover from the COVID-19 pandemic that forced employers to layoff millions of workers. Today’s latest jobs report shows we are continuing to experience a record economic recovery, with record job growth and record wages. Since the President was sworn in, our economy has created 540,000 jobs on average monthly. Read more: https://t.co/qrMeBAiblY Happening Now: President Biden delivers remarks on the May jobs report. https://t.co/noslg8pyrt

Last month’s gains topped April’s revised total of 278,000 new jobs, improving the jobless rate from 6.1% to 5.8%.