WASHINGTON – The Acting Secretary of Labor Julie Su issued the following statement on the May 2024 Employment Situation report:
“Today, the Bureau of Labor Statistics reported that the American economy added 272,000 jobs in May, and the jobless rate was little changed at 4.0 percent. The rate of unemployment has been at or below 4 percent for the past 30 months, the longest stretch since 1970. These strong labor market indicators continue to point to strong, stable growth in the U.S. economy.