Unemployment drops 3.8%, lowest since 2000


The unemployment rate has dropped to 3.8 percent, the lowest since 2000.

According to a report by the Labor Department, more than 200,000 jobs were added in the U.S. in the month of May.  

There has been a 2.7 percent rise in hourly wages in just one year. The unemployment rate for high school graduates is at 3.9 percent. 

Golden Nozzle Car Wash’s Springfield location has had an increase in new hires who want to work due to these increased hourly wages.

“We do offer other wages that other places don’t give opportunities,” Anthony Rivera, manager, told 22News. “We offer bonus checks, employees receive tips as well, things like that. So, I’ve seen a big difference.”

This month, the National Federation of Independent Businesses also found that the number of small companies giving raises to workers is at its highest level since 1986.

Experts say the data shows a steadying economy as consumers spend more freely.

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