US Economy Adds 272,000 Jobs in May, Signals 'Soft Landing' for Federal Reserve
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#2140b79c ver:1.72
The US economy added 272,000 jobs in May, surpassing expectations and signaling a 'soft landing' for the Federal Reserve. Healthcare and government sectors saw the largest job increases. Average hourly earnings and wage growth continue to rise. The stock market reacted negatively, suggesting less chance of a rate cut. Canada added 27,000 jobs, with a slight increase in the unemployment rate. The positive jobs report indicates a rebounding labor market and a healthier job market than previously thought. Acting Labor Secretary Julie Su sees it as a strong and steady economic recovery. #jobs #economy #FederalReserve...
#newstr #UsJobGrowth #FederalReserve #LaborMarket
https://here.news/story/2140b79c?ver=1.72
Confounding US economic, inflation data muddy Fed’s rate path /
npub1fme…v2yu
2024-06-07 17:03:46
Author Public Key
npub1fmeps9g4dyt6rdp5enzursx56d5uf8zxvr5x8w0mn2jy3l9cgftq9rv2yuPublished at
2024-06-07 17:03:46Event JSON
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"content": "US Economy Adds 272,000 Jobs in May, Signals 'Soft Landing' for Federal Reserve\n===============\t\n#2140b79c ver:1.72\n\nThe US economy added 272,000 jobs in May, surpassing expectations and signaling a 'soft landing' for the Federal Reserve. Healthcare and government sectors saw the largest job increases. Average hourly earnings and wage growth continue to rise. The stock market reacted negatively, suggesting less chance of a rate cut. Canada added 27,000 jobs, with a slight increase in the unemployment rate. The positive jobs report indicates a rebounding labor market and a healthier job market than previously thought. Acting Labor Secretary Julie Su sees it as a strong and steady economic recovery. #jobs #economy #FederalReserve...\n\n#newstr #UsJobGrowth #FederalReserve #LaborMarket \n\n https://here.news/story/2140b79c?ver=1.72",
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