What’s the story?
- The unemployment rate fell to 3.8 percent in May, the lowest it’s been in over 18 years.
Breaking down the numbers
- The economy added 223,000 jobs in May—the 92nd consecutive month of job creation.
- Adult women and adult men recorded the lowest unemployment rates since 2000, at 3.3 percent and 3.5 percent respectively.
- Unemployment among African-Americans fell to 5.9 percent from 6.6 percent in April. This is the lowest it’s been since the Labor Department began tracking race in 1972.
- Unemployment among college graduates is 2 percent while those with a high school diploma have an unemployment rate of 3.9 percent.
- Over the past year, the jobless rate among 16- to 19-year-olds has fallen from 14.1 percent to 12.8 percent.
- Wages are 2.7 percent higher than this same time last year.
What do you think?
Are you feeling the effects of this robust economy? What more – or less – can the government do to increase job growth? Hit Take Action and tell your reps, then share your thoughts below.
—Josh Herman
(Photo Credit: milanvirijevic / iStock)
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