WASHINGTON - The US unemployment rate fell to its lowest level in 18 years in May, the Labor Department reported Friday, showing the world's biggest economy remains robust even as it stands on the precipice of an all-out trade war. US unemployment fell to 3.8 percent in April 2018, the lowest level since April 2000The jobless rate fell to 3.8 percent from 3.9 percent in the prior month, the lowest level since April 2000. "We have reached yet one more historic milestone with 3.8 percent unemployment just announced, and another all-time record low African-American unemployment," Trump said at an event shortly after the data were released. And by way, for the women out there, the lowest unemployment in 19 years." However, the pool of available workers -- defined as those working or actively looking for work -- continued to decline, which was the main driver behind the lower unemployment rate.

Source: Bangkok Post June 01, 2018 16:41 UTC