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May 2018 Jobs Review
(For Our Full Analysis on the Jobs Report, Click Here)

Jobs Review Snapshot

  • 223,000 jobs were created in May, exceeding expectations.
  • One million jobs have been created since tax reform was enacted.
  • The unemployment rate fell to 3.8%, the lowest since April 2000.

Context
The addition of 223,000 jobs and the unemployment rate dropping to 3.8 percent are further evidence that tax and regulatory reforms have removed the artificial policy constraints that had forced Americans to endure subpar economic progress for eight years. With average hourly earnings of production and nonsupervisory workers 2.8% higher than 12 months ago—the largest gain since July 2009—Americans are also finally seeing better wage growth as well.

For Our Full Analysis on the Jobs Report, Click Here

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