Home » USA: 559,000 new jobs created in May, below expectations. But wages run more than expected

USA: 559,000 new jobs created in May, below expectations. But wages run more than expected

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The US economy created 559,000 new jobs in May. The figure was worse than expected, with analysts forecasting an increase in employment of 675,000. Hourly wages jumped an average of 2% on an annual basis, more than the estimated + 1.6%. The unemployment rate fell from 6.1% in April to 5.8%, better than the 5.9% expected.

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