US jobless rate falls to 18-year low
US jobs growth was faster than expected in May, as employers added 223,000 positions.
The unemployment rate fell further to 3.8%, having fallen to 3.9% the previous month, bringing the rate to an 18-year low.
The average hourly pay of private sector workers increased 2.7% year-on-year, compared with 2.6% in April.
Surveys of economists had predicted that there would be a gain of about 188,000 jobs in May.
All sectors of the US economy registered job gains. Construction added 25,000 jobs in May after notching up gains of 21,000 jobs in April.
Manufacturing created another 18,000 jobs last... read more
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