Tag: unemployment rate increased to 3.7% in May
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The unemployment rate increased to 3.7% in May, although 339,000 new jobs were created
Workers created a record 339,000 new jobs in May, as the job market kept moving along despite rising interest rates and ongoing prices. The unemployment rate increased from a five-decade record of 3.4% to 3.7%, according to data from an additional family survey, the Labor Department reported on Friday. The highest reading since October, that.…