US labor market in May slightly stronger than expected

us job marketEmployment in the US recovered slightly more than expected in May, while the unemployment rate fell unexpectedly and hourly wages increased more than expected.

According to the Ministry of Labor, 223,000 additional jobs were created outside agriculture. The economists interviewed by Dow Jones Newswires had expected a job growth of 190,000.

The figures for the two previous months were also cumulatively revised upwards by 15,000 jobs: The ministry reported a job increase of 159,000 for April (provisionally: 164,000) and an increase of 155,000 (135,000) for March.

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