Hiring picked up steam last month, providing a shot of relief to an economy that needs workers as millions of Americans again start to venture …
Hiring picked up steam last month, providing a shot of relief to an economy that needs workers as millions of Americans again start to venture out. U.S. employers added 559,000 jobs in May, after lackluster gains the month before. Unemployment fell to 5.8%, from 6.1% in April. Bars and restaurants added 186,000 jobs, while factories added 23,000. Industry surveys released earlier this week suggest job gains might have been stronger, had the supply of workers not been constrained. An index of service-sector activity hit an all time high in May as newly vaccinated Americans flocked to restaurants, movie theaters and other venues that had been off limits during the depths of the pandemic.
