WASHINGTON (AP) — U.S. employers pulled back on hiring in May by adding only 138,000 jobs. Hiring was still enough to help keep pushing unemployment lower.
The Labor Department said Friday that the unemployment rate fell to 4.3 percent from 4.4 percent.
Hiring in the months of April and March were revised downward by a combined 66,000. Job gains have averaged 121,000 over the past three months, a deceleration from an average of 181,000 over the past 12 months.
Average hourly earnings have risen a middling 2.5 percent over the past year.