The U.S. added 223,000 jobs in May and the unemployment rate dropped to 3.8 percent, according to Labor Department figures published on Friday. Economists forecasted 190,000 additional nonfarm payrolls, with the unemployment rate holding steady at 3.9 percent.
Manufacturing performed strongly, adding 18,000 jobs. Construction grew by 25,000 new positions. The Mining sector expanded by 6,000. Service providers added 171,000 jobs, with an increase in retail of 31,100.
Average hourly earnings for workers on private nonfarm payrolls climbed by 8 cents to $26.92.
White unemployment is 3.5 percent, while Hispanic unemployment is 4.9 percent.
Black unemployment is 5.9 percent, a new record low down from 6.6 percent the previous month, while Asian unemployment came in at 2.9 percent.
https://www.bls.gov/news.release/empsit.nr0.htm
