US EditionUS adds 339,000 jobs in May defying slowdown fears
- US employers added 339,000 jobs in May, exceeding expectations and demonstrating strength in the economy.
- The unemployment rate rose from 3.4% in April to 3.7% in May, but many industries are still adding jobs to reach pre-pandemic levels.
- Despite concerns over inflation and a slowdown in economic growth, consumers are still spending at a solid pace, driving economic activity forward.
162 Articles
162 Articles
US hiring jumped last month. So did unemployment. Here's what that says about the economy
The nation's employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of enduring strength in an economy that the Federal Reserve is desperately trying to cool.
US hiring jumped last month. So did unemployment. Here’s what that says about the economy
WASHINGTON (AP) — The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of enduring strength in an economy that the Federal Reserve is desperately trying to cool. Friday's report from the government reflected the job market's resilience after more than a year of aggressive interest rate increases by the Fed. Many industries, from construction to restaurants to health care, are s…
Coverage Details
Bias Distribution
- 54% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
