Job Market Bounced Back in May With a Vengeance—And an Asterisk
Did the job market get better or worse for workers in May? The answer depends on whether you believe more what businesses or individuals say.
Stay updated with breaking news from Group Fedwatch. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Did the job market get better or worse for workers in May? The answer depends on whether you believe more what businesses or individuals say.
The U.S. job market is starting to look a lot more like it did before the pandemic as employers lose their appetite for hiring, which had seemed insatiable in recent months.
The core reading for the personal consumption expenditures price index, which excludes food and energy costs, rose 0.2% in April.
The core reading for the personal consumption expenditures price index, which excludes food and energy costs, rose 0.2% in April.
Wall Street took a bit of a beating on the release of the Fed's minutes: the indices lost between -0.3% and -0.6%, before trimming their losses a little in the last 90 minutes of the session. In the...