The US economy added 172,000 jobs in May, blowing past expectations, according to the government’s closely watched jobs report. The unemployment rate remained flat at 4.3%. Economists surveyed by Bloomberg had anticipated payroll growth of 88,000 for the month.
April’s jobs report — which itself was a massive beat — was also revised to show an even better 179,000 jobs gained, compared to the 115,000 reported earlier. March’s payroll growth was also updated to show 214,000, bringing the first monthly gain above 200,000 since early 2024.
#jobsreport #economy #federalreserve #interestrates #inflation #stockmarket #fed #ai #yahoofinance
Timestamps
00:00 Jobs report crushes expectations
02:00 Where the hiring came from
03:45 Why economists were surprised
05:00 Is the labor market overheating?
06:15 What this means for inflation
07:15 Why the Fed may stay on hold
09:00 The bond market reaction
11:00 Could the Fed hike rates instead?
13:30 The consumer spending outlook
15:15 Has the AI trade peaked?
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