By Chris Isidore, CNN BusinessUS employers added 390,000 jobs in May, representing a robust but slower pace of hiring, according to the Bureau of Labor Statistics’ monthly jobs report released Friday. While the number of jobs added was down from the revised total of 436,000 in April, it was better than many were forecasting. The 390,000 jobs added is far more than the typical gains in more normal times. Since the initial job losses in early 2020, employers have added an average of nearly 850,000 positions a month. President Joe Biden on Friday said the latest jobs report indicates the nation is settling into a period of “stable, steady growth” and more moderation should come.

Source: CNN June 04, 2022 01:25 UTC