U.S. Added 390,000 Jobs In May As Hirings Remained Robust

The unemployment rate remains at 3.6% for the third month, with 390,000 jobs added in May, surpassing expectations. The labor market shows strength, particularly in leisure, hospitality, and transportation sectors, despite a dip in retail. The report suggests a strong job market, easing recession fears and supporting potential interest rate hikes by the Fed. Job seekers find favorable conditions, with employers under pressure to hire and retain talent.

What was the unemployment rate for the third consecutive month?

• 3.6%

• 3.5%

• 3.4%

• 3.7%

How many jobs were added to the economy in May?

• 300,000

• 390,000

• 129,000

• 428,000

Which sector experienced a slight decline according to the report?

• Transportation

• Professional services

• Leisure and hospitality

• Retail

What does the report suggest about the current job market for job seekers?

• It's a good time to look for jobs

• It's difficult to find jobs

• Employers are not hiring

• Job opportunities are decreasing

What economic concern remains despite the strong labor market?

• Trade deficit

• Deflation

• Inflation

• Currency devaluation