U.S. Economy Adds 172,000 Jobs In May, Far Exceeding Expectations

Jobs grow but wages lag in latest employment report

San José, CA - On Friday, June 5, the Bureau of Labor Statistics reported that 172,00 net new jobs were created in May. The job numbers f...

Despite Strong May Jobs Report, Wages Aren't Keeping Pace With Inflation

The May Jobs report was stronger than most people, including me, had expected. The 172,000 jobs created is not exactly earth-shattering, but in a context where immigration has been largely shut off and the labor force is barely growing, it is a lot. Plus, the two prior months’ data was revised up, so the average over the last three months is 188,000.That looks pretty good, but the separate household survey looks less good. The unemployment rate …

Employment surges past expectations, with 172,000 jobs added in May

Employers created 172,000 jobs last month, which was nearly double the expected 85,000.

President Trump Gets the Job Growth He Promised

The jobs market is doing great despite the naysayers in the media and analyst communities. They need better tarot cards. Donald Trump is getting the economic success he has told us was coming since his re-election. For the third straight month, the US job market blew past analyst expectations. The economy added 172,000 jobs in May, according to Friday’s jobs report from the Bureau of Labor Statistics. Additionally, revisions to the previous two …

U.S. Economy Adds 172,000 Jobs In May, Far Exceeding Expectations

by Emmitt Barry, Worthy News Washington D.C. Bureau Chief (Worthy News) – The U.S. labor market remained stronger than expected in May, as employers added 172,000 jobs and the unemployment rate held steady at 4.3%, according to new data released by the Bureau of Labor Statistics. The report easily surpassed economists’ expectations of roughly 85,000 new jobs and added to signs that hiring momentum is carrying into the summer despite inflation co…

Strong Jobs Report Sends Applied Digital (NASDAQ: APLD), Lumen (NYSE: LUMN), And Iridium (NASDAQ: IRDM) Shares Sharply Lower

A stronger-than-expected May jobs report rattled equity markets Friday afternoon, dragging down shares across technology and telecommunications sectors. The U.S. economy added 172,000 nonfarm payroll jobs in May, significantly surpassing economists’ expectations of around 85,000, while the unemployment rate held steady at 4.3%. That robust labor market data reduces the likelihood of near-term interest rate cuts by the Federal Reserve, reviving f…