Job Growth Slows, But Unemployment Remains Lowest Since 1969

Job Growth Slows, But Unemployment Remains Lowest Since 1969
Workers pour cement at a construction site for an office town in downtown San Diego, Calif., on April 23, 2019. Reuters/Mike Blake
Petr Svab
Petr Svab
reporter
|Updated:
The economy expanded by 75,000 jobs in May, which was much less than expected. But the unemployment rate has remained at 3.6 percent, which is the lowest since December 1969, according to the Bureau of Labor Statistics (BLS).

The data suggests the job market has cooled, but not to a point where it would harm employment. In fact, there are some signs the market is still improving.

Petr Svab
Petr Svab
reporter
Petr Svab is a reporter covering New York. Previously, he covered national topics including politics, economy, education, and law enforcement.
twitter
Related Topics