Jobs report misses estimates with 559,000 jobs added, unemployment rate falls to 5.8%
Unemployment rate hits pandemic low. U.S. employers added fewer than expected jobs last month as extended unemployment benefits encouraged workers to stay home. Employers added 559,000 jobs in May, the Labor Department said Friday, missing the addition of 650,000 jobs that analysts surveyed by Refinitiv were expecting. April’s reading was revised higher by 12,000 to…