Charting the Lift in U.S. Job Market as Trump Seeks Elevation
- Record job openings, slower hiring put focus on skills gap
- Wage growth at or near post-recession highs in some sectors
Payrolls climbed by 287,000 last month, exceeding the highest estimate in a Bloomberg survey, after a revised 11,000 gain in May
Photographer: Justin Ide/BloombergThis article is for subscribers only.
America’s labor market is at cruising altitude. President Donald Trump wants to give it even more elevation.
Unemployment reached a 16-year low of 4.3 percent in May and payrolls have increased by more than 15 million since the end of the last recession in June 2009. A record number of job openings shows companies remain on the hunt for workers and dismissals are near their lowest since the 1970s.