WSJ: Unemployment Rate Falls to 18-Year Low; Solid Hiring in May

WASHINGTON—Americans traditionally left behind as jobs and wages grow—high-school dropouts, blacks and Latinos—are reaping the benefits of a tightening labor market, with an unemployment rate that hasn’t been lower in nearly half a century.

The jobless rate in May ticked down to a seasonally adjusted 3.8%, the lowest since April 2000, the Labor Department said. The last time the rate was lower was in 1969. [MORE: Go to link here]