U.S. unemployment rate hits two-year high in May at 4%

According to PANews, the U.S. unemployment rate in May was 4%, which was expected to be 3.90% and the previous value was also 3.90%. This is the first time that the U.S. unemployment rate has risen to 4% in more than two years.

At the same time, the U.S. non-farm payrolls in May were 272,000, seasonally adjusted, exceeding the expected 185,000 and the previous value of 175,000.