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- US adds 172,000 jobs in May, surpassing expectations
US adds 172,000 jobs in May, surpassing expectations
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U.S. job growth remained strong in May, with 172,000 new positions added and the unemployment rate holding steady at 4.3 %. March and April figures were revised upward—by 29,000 and 64,000 respectively—boosting the three‑month average to 188,000 jobs added.
Total nonfarm payroll employment increased by 172,000 in May, and the unemployment rate was unchanged at 4.3 per cent.
It's a new day at the Fed … I had my first breakfast with Chair Warsh this morning, and I believe that he will do the right thing to balance inflation and growth.
It's difficult to celebrate an acceleration (of job growth) when one knows that real wages are falling, and that the median worker is likely having a very difficult time keeping up with their own obligations.
The labor market continues to show sustained momentum going into the summer hiring season.
Hiring was more broad-based in May than we've seen in the last few years.
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