272,000 US jobs added in May, surpassing expectations, while unemployment rose slightly to 4.0%.

US employers added 272,000 jobs in May, a significant increase from April, indicating sustained economic health despite high interest rates. The unemployment rate rose slightly to 4.0% from 3.9% in April. The robust job growth surpassed economists' expectations and showed the labor market's resilience amid efforts to gradually cool the economy.

June 07, 2024
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