Biden Gets a Boost as US Economy Adds 272,000 Jobs in May =============== #2140b79c ver:1.7 The US economy added 272,000 jobs in May, surpassing expectations and giving President Biden a boost. Healthcare and government sectors saw the largest job increases. Average hourly earnings were up, indicating continued wage growth. The stock market reacted negatively, suggesting less chance of a rate cut. The US services sector rebounded, but private hiring was weak. Canada added 27,000 jobs. The strong job and wage growth in the US make a rate cut unlikely. Overall, the labor market is rebounding and showing signs of strength. #economy #jobs #Biden #stockmarket #FederalReserve... #newstr #UsEconomy #JobsReport #JoeBiden https://here.news/story/2140b79c?ver=1.7