The U.S. economy added more jobs than projected in May, but the unemployment rate topped 4% for the first time in nearly 18 months.
The mixed data from the Department of Labor likely decreases the chances the Federal Reserve will lower interest rates from 23-year highs.
Nonfarm payrolls expanded by 272,000 in May, nearly 50% higher than the Dow Jones estimate of 190,000, and more than 100,000 more than the April report.
