US Labor Market Remains Resilient as Economy Adds 339,000 New Jobs

A "now hiring" sign is displayed in a window in Manhattan in New York on July 28, 2022. Spencer Platt/Getty Images

The U.S. economy added 339,000 new jobs in May, up from 294,000 in April, the Bureau of Labor Statistics (BLS) said in a June 2 report. That’s higher than the consensus estimate of 190,000.

The unemployment rate rose to 3.7 percent last month from 3.4 percent. It also topped market forecasts of 3.5 percent.