U.S. economy extends its hiring spree, with a better than expected 223,000 new jobs in May
By Heather Long
June 1 at 9:26 AM
The U.S. economy added 223,000 job in May as U.S. companies continued their hiring spree, according to the Labor Department's monthly jobs report released Friday. The unemployment rate fell to 3.8 percent, the lowest since 2000.
In a highly unusual move, President Trump tweeted early Friday morning that he was "looking forward to seeing the employment numbers." Trump's tweet moved markets as many on Wall Street thought the president was signaling that job gains would be far higher than the 200,000 that had been expected.
Many economists predict the unemployment rate will fall even further this year, potentially dropping to 3.5 percent, which would be the lowest rate since 1969.