National Donut Day deals; where to find baby formula

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Happy Friday – and National Donut Day – to you, Daily Money readers. Jayme Deerwester back with you, craving a maple bacon from Duck Donuts. 

Unemployment rate stays at 3.6%; 390,000 gain in jobs

U.S. employers added a robust 390,000 jobs in May as hiring slowed modestly after a record string of gains amid high inflation, persistent worker shortages and rising interest rates. The unemployment rate was unchanged at 3.6%, just above a 50-year low, the Labor Department said Friday. 

But several forces are coalescing to temper the payroll gains, including a slowing economy, a lingering shortage of workers and U.S. employment that’s fast approaching its pre-pandemic level after shedding 22 million jobs in the spring of 2020.



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