The numbers: The U.S. added a stronger-than-expected 390,000 new jobs in May, signaling the labor market and broader economy are still going strong despite some fraying around the edges.
The unemployment rate was unchanged at 3.6%, the government said Friday, and remained just a tick above the pre-pandemic low. Yet if the jobs market cooled off too much, it could dampen consumer spending and add to growing worries about a recession. Economic growth is all but certain to decelerate owing to higher interest rates.
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U.S. Added 390,000 Jobs In May As Unemployment Remained Unchanged At 3.6%The U.S. economy added 390,000 jobs in May, beating expectations, amid concerns that the market could be in for some turbulence. Unemployment remained unchanged at 3.6%. President Joe Biden is expe…
Source: DEADLINE - 🏆 109. / 63 Read more »
US economy sees solid job growth in May as payrolls jump by 390,000The U.S. economy continued to see healthy job growth in May, indicating the labor market is still strong despite headwinds from rising interest rates, soaring inflation, a worsening labor shortage and fears of a slowdown. 一个月，破产重组.一天，房子没了.一个星期，变脸了.一年半，垂死挣扎，生离死别.恢复正常.信任？品质？担保？ This is where my growth is going Employees have pay raised but companies are getting back their money and more because of higher prices and inflation.
Source: FoxBusiness - 🏆 458. / 53 Read more »