Reported 11 months ago
Acting US Labor Secretary, Julie Su, discusses the stronger-than-expected addition of 272,000 jobs in May and the unemployment rate staying at or below 4% for 30 months, indicating a solid economic recovery. Su believes the numbers reflect a 'soft landing' for the Federal Reserve, with strong job growth, low unemployment, and a high labor force participation rate. This positive trend is seen as a result of steady leadership and investments in creating good jobs and opportunities, with a focus on a broad-based economic growth by President Biden's administration.
Source: YAHOO