Reported 11 months ago
The May US jobs report revealed a stronger job growth of 272,000 jobs added to the economy, surpassing expectations. Sectors such as retail experienced an uptick with 13,000 new roles, led by building material and garden equipment dealers. The healthcare industry added 68,000 jobs, notably in ambulatory care facilities. Additionally, leisure and hospitality saw a significant gain of 42,000 jobs, potentially influencing the Federal Reserve's stance on interest rate cuts. This growth reflects trends and potential impacts on the economy and monetary policy.
Source: YAHOO