US Job Growth Surpasses Expectations, Raising Economic Questions
Mixed signals from the labor market complicate interest rate decisions and economic outlook.
- Non-Farm Payrolls increased by 272,000 in May, significantly above the expected 180,000.
- Unemployment rate edged up to 4%, ending a 27-month streak of sub-4% unemployment.
- Wage growth accelerated to 4.1% year-over-year, outpacing inflation.
- Mixed labor market data suggest economic normalization, but concerns about a slowdown persist.
- Stock markets showed volatility as investors reassessed interest rate cut expectations.
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