Unemployment rate falls to 5.8%—lowest rate since pandemic erupted
CBSN
U.S. employers added a solid 559,000 jobs in May, showing that the economy continues to expand as consumers and businesses resume their normal activity amid a nationwide decline in COVID-19 infections.
The nation's unemployment rate fell to 5.8% as more jobless workers were hired and others left the labor force, meaning they were not counted as employed. That is the lowest jobless rate since March of 2020, when unemployment was 4.4%. Leisure and hospitality companies led the gains, with 292,000 new jobs. The education sector added 140,000 jobs as schools returned to in-person learning. Employers in health care and social assistance added 46,000 jobs, while manufacturing, wholesale trade and transportation and warehouses gained about 20,000 jobs each.
Washington — Amid Trump administration demands for Tehran to keep the free flow of commerce in the Strait of Hormuz, U.S. officials have told CBS News that there are at least a dozen underwater mines through the vital passageway, according to current American intelligence assessments. Arden Farhi, Kathryn Watson, Caroline Linton, Aimee Picchi and Layla Ferris contributed to this report.

Washington — President Trump said early Monday that he is postponing airstrikes on Iran's power plants after "very good and productive conversations" over the last two days about reopening the Strait of Hormuz. However, Iran's foreign ministry denied any such talks. Claire Day contributed to this report. In:











