Economy adds 390K jobs in May, unemployment holds at 3.6 percent

The U.S added 390,000 jobs and the unemployment rate held even at 3.6 percent in May, according to data released Friday by the Labor Department.

The May jobs report was largely in line with economists’ expectations as employment growth slowed slightly from the torrid gains seen earlier in the year. Consensus projections from experts saw the U.S. gaining 350,000 jobs last month and pushing the jobless rate down to 3.5 percent, its level in February 2020.