The Bureau of Labor Statistics published the May employment report this morning. Here are the highlights:
Employers added 272,000 nonfarm payrolls in May vs. 180,000 forecast, according to FactSet
April hiring was revised down to 165,000 from 175,000
March hiring was lowered to 310,000 from 315,000
The unemployment rate rose to 4% in May from 3.9% in April
Labor-force participation rate ticked down to 62.5% in May from 62.7% in April
Average hourly earnings rose 0.4% in May vs. 0.3% forecast