May Jobs Report Reflects Continued Job Growth

The May jobs report indicated a gain of 138,000 new jobs in May. This pushed the unemployment rate down to 4.3%. Depending upon what source you choose to rely on (Bureau of Labor Statistics or ADP), the U.S. economy has added over 650,000 new jobs since the beginning of the year. This is a good news!

There are some analysts that suggest that the U.S. jobs market is at or nearing full employment. If so, the next development should be some upward movement in wages as companies compete for employees.

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