Mortgages

The unemployment rate fell one-tenth of a point to 3.5%, a level not seen since before the pandemic.

Small businesses kept adding jobs and increasing wages amid the tight labor market last month, but the pace declined from May, according to payroll company Paychex.

The economy added 390,000 jobs in May, the U.S. Bureau of Labor Statistics reported Friday, including 16,000 jobs in accounting and bookkeeping services.

The private sector added a modest total of 128,000 jobs in May, according to payroll giant ADP, but that was after losing 91,000 jobs at small businesses.

Employees at small businesses in the U.S. experienced the 12th month in a row of increases in hourly earnings this May, but the pace of job growth slackened, according to payroll giant Paychex.

Employers in the private sector added 247,000 jobs last month, according to payroll giant ADP, as the labor market slowed amid inflationary pressures and rising interest rates, with small businesses losing ground.

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Despite offering less in the way of legal protections, the service uses lien foreclosures more often, according to a TIGTA report.

The unemployment rate fell two-tenths of a point to 3.6%, the U.S. Bureau of Labor Statistics reported Friday, and two previous months' job gains were revised upward.

Private sector employers added 455,000 jobs this month, payroll giant ADP reported Wednesday, as the economy continued to bounce back despite the ongoing pandemic, although continuing labor shortages held back stronger growth.