2 Days
Source:
The Fiscal Times
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US jobs likely rose 105K in May
The US job market showed unexpected strength with employers adding 172,000 jobs and the unemployment rate remaining at 4.3%, despite economic uncertainties and high energy prices. This broad-based growth includes local government, restaurant, and healthcare sector employment, with recent revisions adding nearly 93,000 jobs and average monthly hiring reaching its best since early 2024. However, wage gains remain modest, and rising living costs continue to impact consumer sentiment, complicating efforts to improve perceptions of the economy ahead of midterm elections.
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