Jobs Report: 223K Jobs Added in May, Unemployment Down to 3.8%


NewImageThe U.S. added 223,000 jobs in May as it continues to extend its hiring streak.

The Labor Department released its results Friday, which also say wage growth increased slightly to 2.7-percent.

Unemployment fell to 3.8-percent, which is the lowest rate since 2000. It could potentially fall even lower.

Senior White House economic adviser Larry Kudlow speaks to reporters at the White House in Washington, Friday, June 1, 2018. (AP Photo/Susan Walsh)

The health care industry added about 32,000 jobs in May, while manufacturing and construction industries were also big contributors.