Economy added 339K jobs in May, nearly double Wall Street expectations

U.S. employers have added roughly 339,000 jobs to the market, and the monthly unemployment rate rose to 3.7%, from a five-decade low of 3.4% in April, according to a Labor Department report released Friday. Average hourly earnings rose 0.3% for the month while on an annual basis, wages increased 4.3%, which was a 0.1 percentage point under the estimate.