Friday’s Jobs Report Shows U.S. Economy Firing on All Cylinders

Friday’s Labor Department jobs report showed the economy added 223,000 jobs in May, the highest level since February.  Unemployment fell to 3.8 percent, the lowest reading since April 2000.  Average hourly earnings rose 2.7 percent.  Employers added a whopping 904,000 full-time jobs, while part-time positions declined by 625,000.

The overall report clearly demonstrated the U.S. economy is strong in a multitude of measurements.