Employers add 339,000 jobs in May, strong growth that defies head winds
But the economy also gave new warning signs with an increase in the unemployment rate.
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But the economy also gave new warning signs with an increase in the unemployment rate.
Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media
Nonfarm payrolls increased by 223,000 for the month, above the Dow Jones estimate for 200,000, while the unemployment rate fell to 3.5%.
Employers added 263,000 workers in November, even as some industries showed signs of a slowdown. Wage growth exceeded expectations.
The S&P 500 and the Nasdaq were subdued on Friday in early trading as investors were nervous about hawkish signals from Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium amid