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in Economy

Here’s where the jobs are for May 2024 — in one chart

by Editor June 7, 2024, 7:10 pm 999 Views

U.S. job gains totaled 272,000 in May, much more than expected

Job growth in May was surprisingly strong, pushing back on lingering fears of a broader economic slowdown and likely slowing the Federal Reserve’s rate-cutting timeline.

The U.S. economy added 272,000 jobs for the month, coming out significantly higher than the Dow Jones consensus estimate of 190,000. That’s also higher than the average monthly gain of 232,000 over the last 12 months, according to the U.S. Bureau of Labor Statistics.

In May,…

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