U.S. Adds 223,000 New Jobs as Unemployment Falls to 18-Year Low in May

By Jeffry Bartash

The numbers: The U.S. created a robust 223,000 new jobs in May to push unemployment down to an 18-year low of 3.8%, signaling that a nine-year-old economic expansion still has plenty of steam despite being one of the oldest ever.

The increase in hiring — the biggest in three months — exceeded the 200,000 forecast of economists polled by MarketWatch.

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Source: marketwatch.com