june 6th

To be sure, this is the lowest unemployment rate in 18 years. Moreover, wage gains for May were also better than analysts’ forecasts with average hourly earnings rising 2.7% over the prior year.

The fact that the rate of workers who are working part-time for economic reasons remains elevated is reflected in the fastest growing job searches on Indeed.com,” Gimbel noted, “which include terms like ‘full-time’ and ‘9 to 5,’ showing that the demand from workers for full-time work has not yet been met.”

“Overall, this report is consistent with where we’ve been for awhile: strong job growth, low unemployment rate, but with workers still waiting for wage growth to take off,” Gimbel noted." “Overall, this report is consistent with where we’ve been for awhile: strong job growth, low unemployment rate, but with workers still waiting for wage growth to take off,” Gimbel noted.