U.S. job market in May

Global Business

The U.S. labor market continued its healthy pace of growth last month. Total payrolls now back to their pre-recession levels in 2008.

Nearly 220 thousand new jobs were created in May — virtually all of them in the private sector. It’s the fourth-straight month of gains above 200 thousand – the longest streak in 14 years.

Unemployment stayed the same at 6.3% — after dipping in April. But labor force participation remains at a more than 30-year low as Americans struggle to find full-time jobs.

Still economists are optimistic, but they say there are still work to be done.

CCTV’s Michelle Makori is joined by David Dietze, President and Chief Investment Strategist at Point View Wealth Management to discuss more on U.S. jobs.

David Dietze on the health of U.S. job market

David Dietze on the health of U.S. job market

The U.S. labor market continued its healthy pace of growth last month. Total payrolls now back to their pre-recession levels in 2008. CCTV's Michelle Makori is joined by David Dietze, President and Chief Investment Strategist at Point View Wealth Management to discuss more on U.S. jobs.
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