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Employers added 559,00 jobs in May, moving the headline unemployment rate to its lowest level since before the pandemic. Even so, May's numbers fell short of expectations and follow on a downside surprise in hiring in April.

To parse the new data, Sam Chandan is joined by Dr. Marianne Wanamaker, Professor of Economics at the University of Tennessee Knoxville's Haslam College of Business and former Chief Economist for the Domestic Economy at the White House Council of Economic Advisors, where she was also the nation's senior-most labor economist.

The monthly labor market analysis is presented by LaborIQ by ThinkWhy, a leading provider of analytical tools for data-driven recruiting, hiring, and compensation planning.

To learn more about the Urban Lab, visit SamChandan.com and follow Sam Chandan on Twitter at SamChandan.