HE unemployment United States of America 440 thousand people increased in Mayset the unemployment rate 3.7%, three-tenths above April, according to data released this Friday by the Bureau of Labor Statistics (BLS).
in the fifth month of the year 339,000 jobs created That’s a net 86,000 more than in April, when the effects of the Federal Reserve’s (Fed) rate hikes on the labor market to reduce inflation were closely examined.
Unemployment rose again after two consecutive months of falling (March and April). Rate hikes are cooling the air labor market.
This women and African Americans According to BLS data, they are the two demographic groups with the highest unemployment rates, with 3.3% and 5.6% respectively. But new jobs created in May, businesses, healthcare, construction, transportation and warehousing, and outreach.
Unemployment data came out days after the US verified a data. cooling in economy It maintained its calculation of 0.3% quarter-on-quarter growth from January to March, three-tenths below what was recorded in the last three months of 2022.
At the beginning of the month, the Federal Reserve (Fed) increased the official interest rate by 0.25 percentage points to a range of 5% to 5.25%, the highest rate in 15 years. HE new interest rate limit In the US, which the Fed did not exclude, it will depend on the analysis of economic data released this Friday and other financial indicators announced this month.