US Job Gains Exceed Expectations, Wage Growth Quickens
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#5b769158 ver:0.5

US job gains in May exceeded expectations, with 272,000 jobs added. Unemployment rate rose to 4%, ending a 27-month streak below 4%. Wage growth quickened, with average hourly earnings rising 0.4% and wages increasing 4.1% in the past year. The strong job gains reduce the likelihood of rate cuts by the Federal Reserve. Hiring was widespread, particularly in healthcare and leisure sectors. Economists question the divergence between job gains and unemployment rate. Gradual pace of hiring and increased competition for jobs have made the labor market less dynamic. #USjobs #economy #unemployment...

#newstr #UsEconomy #JobGains #WageGrowth #FederalReserve #UnemploymentRate 

 https://here.news/story/5b769158?ver=0.5