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Blockbuster Jobs Report Sends Mixed Message to the Fed

Job growth accelerated in May as employers hired 272,000 workers, the Labor Department reported Friday. The results handily beat expectations for growth of 185,000 jobs, reflecting a labor market that is still showing signs of surprising strength and durability in the aftermath of the pandemic. Job gains were broad-based and led by the service sector, with the education, health, government, and leisure and hospitality sectors accounting for about 60% of the growth. Wage growth was robust, as wel

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Did the U S unemployment rate go up? – Deseret News

How many new jobs were created in the U.S. last month? Why did unemployment go up? When will the Fed lower interest rates? Read more

United statesSouth dakotaNorth dakotaSeema shahLabor departmentLabor department bureau of statisticsLabor statisticsPrincipal asset managementWall street journalFriday deseret newsPhil deanPolicy instituteBeehive state

Markets today: Treasury yields surge as jobs spark rethink on U S Fed

Markets today: Treasury yields surge as jobs spark rethink on U S Fed
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Jobs report blows past expectations, displaying resilient strength of US economy

Jobs report blows past expectations, displaying resilient strength of US economy
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Seema shahBret kenwellUs bureau of labor statisticsLabor statisticsPrincipal asset management

Job growth spiked but unemployment also ticked up What gives?

The disparity between monthly job growth and a rise in unemployment stems from the Labor Department's survey methods.

United statesNorth dakotaSouth dakotaSeema shahLabor departmentLabor department bureau of statisticsLabor statisticsPrincipal asset managementWall street journalFriday deseret newsPhil deanPolicy instituteBeehive state