Confounding US economic, inflation data muddy Fed’s rate path on Nostr: U.S. Job Growth Surges in May Despite Unexpected Rise in Unemployment =============== ...
U.S. Job Growth Surges in May Despite Unexpected Rise in Unemployment
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#2140b79c ver:2.04
U.S. job growth surges in May, exceeding expectations with 272,000 new jobs added, indicating an economic rebound as COVID-19 restrictions ease. However, the unemployment rate rises to 4%, presenting a complex picture for Federal Reserve policymakers. Wage growth continues, but concerns arise about the quality of jobs created. President Biden touts the report as the "great American comeback," reducing chances of interest rate cuts. Mixed results highlight a complex economic situation. #JobGrowth #Economy #Unemployment #FederalReserve #WageGrowth...
#newstr #UsLaborMarket #JobGrowth #Economy #Covid19 #UnemploymentRate #WageGrowth #LaborForceParticipationRate #PresidentBiden
https://here.news/story/2140b79c?ver=2.04
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#2140b79c ver:2.04
U.S. job growth surges in May, exceeding expectations with 272,000 new jobs added, indicating an economic rebound as COVID-19 restrictions ease. However, the unemployment rate rises to 4%, presenting a complex picture for Federal Reserve policymakers. Wage growth continues, but concerns arise about the quality of jobs created. President Biden touts the report as the "great American comeback," reducing chances of interest rate cuts. Mixed results highlight a complex economic situation. #JobGrowth #Economy #Unemployment #FederalReserve #WageGrowth...
#newstr #UsLaborMarket #JobGrowth #Economy #Covid19 #UnemploymentRate #WageGrowth #LaborForceParticipationRate #PresidentBiden
https://here.news/story/2140b79c?ver=2.04