The US labor market grew by 139,000 in the month of May, reported by the US Bureau of Labor Statistics (BLS), hitting above estimates of 126,000 while the unemployment rate held at 4.2% and average hourly earnings rose by 3.9% year-over-year (above expectations of 3.7%).
The US Secretary of Labor Lori Chavez-DeRemer sits down with Yahoo Finance senior Washington correspondent Jennifer Schonberger to talk more about the labor participation rate, the administration’s relationship with labor unions, and the private sector investments into local communities and job markets.
Last month, Secretary Chavez-DeRemer stated that “the Golden Age is here” in response to April’s overwhelming labor addition of 177,000 non-farm payrolls under the Trump administration.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here: https://finance.yahoo.com/videos/series/morning-brief/
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