US EditionU.S. payrolls increased 139,000 in May, more than expected; unemployment at 4.2%
- The Bureau of Labor Statistics reported on Friday that U.S. Payrolls increased by 139,000 jobs in May with unemployment steady at 4.2%.
- This followed downward revisions of April's job gains to 147,000 and a combined 95,000 job cut from March and April, reflecting a slower labor market.
- In May, employment increased in 50% of the key sectors, while the federal government experienced a decline of 22,000 positions amid ongoing administration efforts to reduce its workforce.
- Hourly wages increased by 0.4% in May, surpassing inflation rates, as economists characterized the labor market as stable yet cautious amid growing economic challenges.
- The data suggests a cooling but resilient labor market that faces growing headwinds from trade policies and federal spending cuts, increasing recession risks this year.
160 Articles
160 Articles
Job Growth Surges in May, Beats Expectations Again
The U.S. economy once again outpaced expectations in May, adding 139,000 new jobs and maintaining a steady unemployment rate of 4.2%, according to fresh data from the Bureau of Labor Statistics (BLS) released Friday. The post Job Growth Surges in May, Beats Expectations Again appeared first on Slay News.
Stocks Rise as Jobs Surprise Spurs Treasury Losses - Bloomberg Intelligence
Watch Alix and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Intelligence hosted by Paul Sweeney and Alix Steel Steven Blitz, Chief US Economist at TS Lombard, discusses the May jobs report. US job growth moderated in May, with nonfarm payrolls increasing 139,000, and prior months' figures revised lower, indicating employers' caution about growth prospects. Max Chafkin, Bloomberg Businessweek Senior Reporter and and Co-Host of…
The United States created more jobs than analysts expected in May, even when there are signs of fewer recruitments, according to official data released on Friday, which show the resilience of the labor market to the impact of the trade war driven by Donald Trump.Read more]]>
Coverage Details
Bias Distribution
- 57% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
