Posted on Jun 2, 2023
The U.S. added 339,000 jobs in May. It's a stunningly strong number
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https://www.npr.org/2023/06/02/ [login to see] /jobs-employment-employers-labor-market-economy-recession-inflation
Hiring surged last month as U.S. employers added 339,000 jobs, far above expectations, according to a report from the Labor Department on Friday.
The job gains for March and April were also stronger than previously reported. The April jobs figure was revised up by 41,000, while the March number was revised up by 52,000.
Hiring surged last month as U.S. employers added 339,000 jobs, far above expectations, according to a report from the Labor Department on Friday.
The job gains for March and April were also stronger than previously reported. The April jobs figure was revised up by 41,000, while the March number was revised up by 52,000.
The U.S. added 339,000 jobs in May. It's a stunningly strong number
Posted from npr.orgPosted in these groups: 
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Employment
Jobs Employment
Posted 12 mo ago
Responses: 2
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PO1 William "Chip" Nagel ... and the Right continues to say POTUS Biden is too old... not bad for an 'ole man'.
..."Unemployment, which been at a half century low, inched up in May to 3.7%. Meanwhile, the jobless rate among African Americans rose to 5.6%, after falling to a record low in April.
The stronger-than-expected job gains in May extend the labor market's red-hot streak and that's bound to reinforce concerns about inflation.
While a tight job market is good for workers, it can put upward pressure on prices, making it harder for the Federal Reserve to restore price stability. Average wages in May were 4.3% higher than a year ago.
The jobs report is one of several factors the Fed will need to consider as it decides whether to continue raising interest rates when policymakers meet later this month."
..."Unemployment, which been at a half century low, inched up in May to 3.7%. Meanwhile, the jobless rate among African Americans rose to 5.6%, after falling to a record low in April.
The stronger-than-expected job gains in May extend the labor market's red-hot streak and that's bound to reinforce concerns about inflation.
While a tight job market is good for workers, it can put upward pressure on prices, making it harder for the Federal Reserve to restore price stability. Average wages in May were 4.3% higher than a year ago.
The jobs report is one of several factors the Fed will need to consider as it decides whether to continue raising interest rates when policymakers meet later this month."
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PO1 William "Chip" Nagel
SGT (Join to see) I'll Take a Nice Old Guy over a Fascist Like Trump anyday!
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PO1 William "Chip" Nagel good day Brother William, always informational and of the most interesting. Thanks for sharing, have a blessed day!
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