Surprising Surge in US Job Growth as Economy Adds 339,000 New Positions in May

Human ResourcesMoney Matters
Written By Jennifer Joslyn

🇺🇸 Surprising Surge in US Job Growth as Economy Adds 339,000 New Positions in May.

US job growth defied expectations in May, with employers adding 339,000 jobs, surpassing the forecasted 190,000 jobs. The labor market demonstrated resilience despite rising interest rates, declining economic growth, and persistent inflation. However, a separate report indicated a slight increase in the unemployment rate to 3.7% and a slowdown in wage growth, highlighting the mixed nature of the job market's performance.

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Jennifer Joslyn
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