Jobs Report Significantly Lower Than Expected

About 164,000 new jobs had been expected, but the U.S. Labor Department announced today that only 38,000 were added in May.
0:31 | 06/03/16

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Transcript for Jobs Report Significantly Lower Than Expected
And the Wall Street Gallen to skirting US jobs report today US employers added just some 30000. Jobs in May that's much lower than analysts had expected but the unemployment rate dipped. To four point seven its lowest level in nearly ten years it's partially because many Americans stopped looking for war the disappointing jobs report. A major effect on Wall Street today the stocks managed to close of trading day with some modest losses. There's a live look right now the big board Wall Street ended down 31 points close the week at 17100807.

This transcript has been automatically generated and may not be 100% accurate.

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