Key numbers
- Change in non-farm payrolls: +2.509 million vs. -7.5 million expected and -20.687 million in April
- Unemployment rate: 13.3% vs. 19.0% expected and 14.7% in April
- Average hourly earnings month on month: -1.0% vs. +1.0% expected and +4.7% in April
- Average hourly earnings year on year: +6.7% vs. +8.5% expected and +8.0% in April
May jobs report: US economy unexpectedly adds 2.5 million payrolls, unemployment rate falls to 13.3%
The May jobs report showed an unexpected rise in the number of non-farm payrolls in the economy and a drop in the unemployment rate from April.
finance.yahoo.com