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US job growth shot much higher than expected in May, jumping to 272,000, while the nation’s jobless rate rose slightly and broke a 27-month streak of below-4% unemployment.
The largest job increases in Friday's report were in healthcare, which added 68,000 jobs in May. Meanwhile, government employment added 43,000 jobs, and leisure and hospitality added 42,000 jobs.
The May jobs report is set for release on Friday, and economists expect it to tell a similar story to last month's report with the labor market cooling from its hot start to 2024 but not entering ...
In the October report, the BLS estimated that 254,000 jobs were created in September, but that number could vary by as much as 130,000. The actual number of jobs added could be as high as nearly ...
The employment gain last month was almost exactly in line with the 12-month trailing average of nearly 276,000 jobs and exceeded the average of 188,000 over the 10 years prior to the COVID-19 ...
The federal government routinely revises economic data, but it rarely makes a correction as large as it did on Wednesday, when the Bureau of Labor Statistics reported America’s economy created ...
Based on initial estimates, May’s jobs report from the Bureau of Labor Statistics, due out Friday at 8:30 am ET, could be similar: Economists are expecting job growth of 180,000 payrolls and an ...
The latest jobs report had some bright spots, such as 58,000 jobs added in health care. Wages also increased, as average hourly earnings rose by 0.4 percent in October. Wages have grown 4 percent ...