U.S. Adds 138,000 Jobs in May, Missing Estimates

The video discusses the job report for May, highlighting a lower-than-expected job increase of 138,000 and a decrease in unemployment to 4.3%, the lowest in 16 years. However, labor force participation also fell to 62.7%. Wages showed minimal growth, and the tight labor market is making it difficult to fill jobs. This situation might affect the anticipated Fed rate hike. Underemployment dropped to 8.4%, and discouraged workers decreased, marking rare positive news. Industry performance was mixed, with retail down and construction at its highest since 2008.

What was the number of jobs added in May?

What was the unemployment rate reported?

What does the report indicate about labor force participation?

What does the report suggest about wage gains in the current labor market?

What was the underemployment rate mentioned in the report?