Closings & Delays

Unemployment rate matches lowest point in half a century

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

The unemployment rate has matched its lowest point in half a century.

The Labor Department reported Friday that unemployment fell to 3.8% in May. The economy added 223,000 jobs, better than expected.

Since 1969, the only other time unemployment has been this low was in April 2000.

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.