A “Flash Report” issued Friday by the St. Louis Federal Reserve Bank reveals that data “more precise” than that published earlier in the day show that May’s unemployment rate actually declined over the past month – and that the labor market remains resilient. In “Flash Report: May Unemployment, Job Gains Signal Steady Labor Market,” the bank details the findings: “The headline U.S. unemployment rate in May was 4.3%, where it has been since March. More precise data show the rate fell slightly to 4.296% in May from 4.337% in April.” …. “The unemployment rate has been broadly stable over the past year, and the labor market continues to show resiliency.” The indicators in May’s employment report “point to a resilient labor market,” the report reiterates later in its analysis. What’s more, the report notes, the number of people finding, losing or newly-seeking jobs was virtually unchanged from April, “providing further evidence of a steady labor market.” The business and economic reporting of CNSNews is funded in part with a gift made in memory of Dr. Keith C. Wold.