WASHINGTON (AP) � U.S. employers added 559,000 jobs in May, an improvement from April’s sluggish gain but still evidence that many companies are struggling to find enough workers as the economy rapidly recovers from the pandemic recession.
Last month’s job gain was above April’s revised total of 278,000. The unemployment rate fell to 5.8% from 6.1%.
The speed of the rebound from the pandemic recession has caught employers off guard and touched off a scramble to hire.
“America is finally on the move again. As we continue this recovery, we’re going to hit some bumps along the way. Of course that will happen. You can’t reboot the world’s largest economy like switching on a light switch. There’s going to be ups and downs and jobs and economic reports but there’s going to be supply chain issues and price point pressures on the way back to stability and steady growth," said President Biden.
The reopening of the economy, fueled by substantial federal aid and rising vaccinations, has released pent-up demand among consumers to eat out, travel, shop, attend public events and visit with friends and relatives.
