Saturday, 8 June 2024

US: Payrolls Surge in May, While Unemployment Rate Ticks Up to 28-month High of 4.0% 

by BD Banks

US: Payrolls Surge in May, While Unemployment Rate Ticks Up to 28-month High of 4.0% 

Non-farm employment surged by 272k in May, well ahead of the consensus forecast calling for a more moderate gain of 185k. Job gains in the two prior months were revised slightly lower, subtracting a combined 15k from the previously reported figures. Private payrolls rose 229k, with most of the gains concentrated in health care & […]

The post US: Payrolls Surge in May, While Unemployment Rate Ticks Up to 28-month High of 4.0%  appeared first on Action Forex.

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