Monday, October 2, 2023 | The Latest Buzz for the Appraisal Industry

May Brought Strong Job Gains But Unemployment Rate Still Flat at 3.6 Percent

The U.S. economy added 390,000 jobs in May, above expectations, however the unemployment rate remained flat for a third straight month at 3.6%, according to the U.S. Bureau of Labor Statistics.

As has been the trend for months now, most of the job gains were in leisure and hospitality, professional and business services, and transportation and warehousing. Employment in retail trade declined.

The number of unemployed persons was essentially unchanged at 6 million.


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Jim Morrison

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