0311
Diamond Member
- Nov 8, 2022
- 6,516
- 6,528
The new Jobs Report is out and the ReNaziKlans ain't going to like it.
www.nbcnews.com
The U.S. economy added 272,000 jobs in May, bringing good news for workers but potentially complicating the Federal Reserve's ongoing crusade against inflation.
The data, published Friday by the Bureau of Labor Statistics, offers a counterpoint to some employment market indicators that had shown signs of slowing as recently as this week. Economists had expected the economy to add 190,000 jobs, according to a Dow Jones survey.
“A long feared substantial slowdown in hiring has yet to show up,” Bankrate Senior Economic Analyst Mark Hamrick said in a statement Friday.
![www.nbcnews.com](https://media-cldnry.s-nbcnews.com/image/upload/t_nbcnews-fp-1200-630,f_auto,q_auto:best/rockcms/2024-06/240607-construction-workers-al-0840-3aaff3.jpg)
U.S. job market remains hot, adds 272,000 positions in May
Workers can cheer rising pay and continued strong hiring in a range of sectors, but the Federal Reserve is likely to conclude that its war on inflation isn't over yet.
![www.nbcnews.com](https://nodeassets.nbcnews.com/cdnassets/projects/ramen/favicon/nbcnews/all-other-sizes-PNG.ico/favicon-16x16.png)
The U.S. economy added 272,000 jobs in May, bringing good news for workers but potentially complicating the Federal Reserve's ongoing crusade against inflation.
The data, published Friday by the Bureau of Labor Statistics, offers a counterpoint to some employment market indicators that had shown signs of slowing as recently as this week. Economists had expected the economy to add 190,000 jobs, according to a Dow Jones survey.
“A long feared substantial slowdown in hiring has yet to show up,” Bankrate Senior Economic Analyst Mark Hamrick said in a statement Friday.