July 3, 2024
Finance

US economy adds more jobs than expected in May as unemployment rate ticks higher

The US labor market added more jobs than expected in May defying previous signs of a slowdown in the economy. Data from the Bureau of Labor Statistics released Friday showed the labor market added 272,000 nonfarm payroll jobs in May, significantly more additions than the 180,000 expected by economists. Meanwhile, the unemployment rate rose to

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