U.S. added 172,000 jobs in May, even as inflation squeezed consumers
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
The US added 172,000 jobs in May, a development that has been characterized as robust and unexpectedly strong. The labor market is reported to be showing signs of resilience, with some outlets noting that hiring shot up in May. The unemployment rate was reported to be at 4.3%, though the implications of the jobs report for the economy and investors are viewed differently by various sources.
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