Money
Why May's jobs surge isn't the victory lap it looks like
— Ai Summary —
May payrolls rose 172,000, beating expectations, with the unemployment rate steady at 4.3%. Revisions added 93,000 jobs to March and April, bringing the three-month average to 188,000—its fastest pace in over two years. Gains were broad-based, led by leisure and hospitality with 70,000 jobs, while government added 52,000 and manufacturing 7,000. The diffusion index stood at 54.4, signaling more industries hiring, though wage growth cooled to 3.4% year over year.
AI-generated summary • Source: Rolling Out • Read the full article for complete information.
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