Employers added 390,000 jobs, beating expectations for 325,000 but slowing from April's 436,000 pace.
U.S. employers added 390,000 jobs in May, more than analyst expectations for 325,000 but slowing from April's 436,000 pace, while the unemployment rate held steady at 3.6%, the Bureau of Labor Statistics reported Friday.
Average hourly earnings grew 0.3% last month, a tenth below expectations, and flat from April's rate. It's up 5.2% on the year. Federal Reserve officials are looking for wage gains to slow as they raise interest rates.
The leisure and hospitality (+84,000), professional and business services (+75,000) and transportation and warehousing (+47,000) sectors led job gains.
The labor force participation rate at 62.3% and the employment to population ratio at 60.1% were both up a tenth from April.