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Source:
Los Angeles Times
Strong job market, high inflation concerns
The U.S. job market showed unexpected strength in May, with employers adding 172,000 jobs and the unemployment rate remaining at 4.3%. Despite rising inflation and high energy prices linked to recent international conflicts, job growth was broad-based and outperformed forecasts, indicating signs of a potential economic rebound. However, wage increases remain modest, and inflation concerns persist, affecting public perception of the economy ahead of upcoming elections.
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