Nonilex, to hiring
@Nonilex@masto.ai avatar

#US #Employment #Economic News

The pace of #hiring was unexpectedly robust in May, showing a gain of 272k #jobs, but the #unemployment rate ticked up to 4%.

Strong #job growth shows #employers remain undaunted — despite pressure from high #InterestRates & slowing #consumer #spending — & are finding #workers as #immigration has provided a boost to #labor supply.

https://www.nytimes.com/live/2024/06/07/business/jobs-report-may-economy?smid=nytcore-ios-share&referringSource=articleShare&u2g=c&pvid=4255BDCE-BD4D-42E4-8881-383FF2EC369D&sgrp=c-cb

Nonilex,
@Nonilex@masto.ai avatar

power the gains: again accounted for the most , adding 68k . Gov rebounded from April, adding 43k, as did & , adding 42k.

The data is unlikely to affect the ’s decision next week on , when most economists expect policymakers to leave rates unchanged at their currently high level. ofcls have noted they are most focused on progress in suppressing inflation#.

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