May Hiring Boom Signals Resilient U.S. Economy Amid Iran Tensions
TL;DR Summary
The Labor Department said U.S. payrolls rose by 172,000 in May, with an upward revision of 93,000 for March–April, keeping the unemployment rate at 4.3% as gains flow from leisure/hospitality and health care; early signs of a manufacturing rebound emerge as energy prices stay high, while inflation remains a concern and markets brace for the Fed to stay cautious under Warsh.
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- The US economy added a stronger-than-expected 172,000 jobs last month CNN
- Jobs Report Live Updates: U.S. Employers Added 172,000 Jobs in May The New York Times
- US Adds 172,000 Jobs in May, Beating All Economists’ Estimates Bloomberg.com
- Jobs report smashes expectations with payroll growth of 172,000 Yahoo Finance
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