Confounding US economic, inflation data muddy Fed’s rate path on Nostr: US Job Growth Surges in May Despite Unexpected Rise in Unemployment =============== ...
US Job Growth Surges in May Despite Unexpected Rise in Unemployment
===============
#2140b79c ver:2.06
US job growth exceeded expectations in May, with 272,000 new jobs added, signaling an economic rebound as COVID-19 restrictions ease. However, the unemployment rate also rose to 4%, presenting a complex situation for Federal Reserve policymakers. Wage growth continued to climb, but concerns remain about the quality of jobs created. The leisure and hospitality sector saw the most job gains. President Biden touts the strong job growth as a sign of the "great American comeback." The stock market reacted positively, reducing the likelihood of a rate cut. Utah's labor market remains robust, particularly in the construction industry. #JobGrowth #EconomicRecovery #Unemployment #FederalReserve #WageGrowth #LeisureAndHospitality #Biden #StockMarket #UtahEconomy...
#newstr #UsLaborMarket #JobGrowth #Unemployment #FederalReserve #UtahEconomy
https://here.news/story/2140b79c?ver=2.06
===============
#2140b79c ver:2.06
US job growth exceeded expectations in May, with 272,000 new jobs added, signaling an economic rebound as COVID-19 restrictions ease. However, the unemployment rate also rose to 4%, presenting a complex situation for Federal Reserve policymakers. Wage growth continued to climb, but concerns remain about the quality of jobs created. The leisure and hospitality sector saw the most job gains. President Biden touts the strong job growth as a sign of the "great American comeback." The stock market reacted positively, reducing the likelihood of a rate cut. Utah's labor market remains robust, particularly in the construction industry. #JobGrowth #EconomicRecovery #Unemployment #FederalReserve #WageGrowth #LeisureAndHospitality #Biden #StockMarket #UtahEconomy...
#newstr #UsLaborMarket #JobGrowth #Unemployment #FederalReserve #UtahEconomy
https://here.news/story/2140b79c?ver=2.06