The US may achieve a trend not seen since the 1950s, with the May jobs report expected to show a sub-4% unemployment rate for the 28th consecutive month. This would be the longest streak in over 70 years. Economists believe that if the other data in the report is similar to April’s, it could provide support for the Federal Reserve to consider lowering interest rates. A 4% unemployment rate is seen as a significant threshold, leading employers to take extra measures to attract non-traditional candidates and improve job conditions.
