CNN Breaking News Alert for Friday, June 2nd, 2023 at 8.41 a.m. Eastern Time

The U.S. economy added 339,000 jobs in May according to the monthly employment report from the Bureau of Labor Statistics released today. That's significantly higher than the 190,000 that economists were expecting. The unemployment rate rose to 3.7 percent from 3.4 percent. We're projecting it to climb to 3.5 percent.