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Economic Report: U.S. adds 390,000 jobs in May and shows economy is still at cruising speed

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The U.S. is forecast to add 328,000 new jobs in May, down from 428,000 in the prior month, according to economists polled by The Wall Street Journal. The unemployment rate is expected to slip to 3.5% from 3.6%. Wages are forecast to rise 0.4% and put the increase over the past 12 months at 5.2% vs. 5.4% in April. 

The report will be released at 8:30 a.m. Eastern by the Bureau of Labor Statistics. 

In premarket trades, the Dow Jones Industrial Average
DJIA,
+1.33%

and S&P 500
SPX,
+1.84%

X ahead of the report.

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