Reported about 15 hours ago
In May, the US economy added 139,000 nonfarm payrolls, exceeding economist expectations of 126,000, while the unemployment rate remained unchanged at 4.2%. Despite the impact of President Trump's tariff policy, the overall labor market showed resilience, though revisions indicated 95,000 fewer jobs were added in the previous months. Average hourly earnings increased by 0.4% from April and 3.9% from the previous year, but the labor force participation rate dropped to 62.4%. Analysts note signs of softening in the labor market, with indications that the Federal Reserve may hold off on interest rate cuts until December.
Source: YAHOO