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New unemployment low is expected in May jobs report

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Published 7:23 AM

(KYMA, KECY/ CNN) - The May jobs report comes out Friday morning and it's expected to look healthy.

According to a poll of economists by Refinitiv, the U.S. likely added around 350,000 positions last month.

The unemployment rate is projected to be 3.5%, which would be a record-low for the pandemic era.

Analysts say the labor market appears to be near full-recovery despite the U.S. dealing with high inflation and the threat of a possible recession.

The findings from the bureau of labor statistics comes out Friday morning.

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Cole Johnson

Cole Johnson is News 11’s Sports Director.

Contact Cole at cole.johnson@kecytv.com.

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