More job gains point to a solid economy and Fed rate hikes

224 views – WXXV Staff – 2022-06-03 14:25:31

AP Photo/Nam Y. Huh, file)

WASHINGTON (AP) — U.S. employers added 390,000 jobs in May, extending a streak of solid hiring that has bolstered an under pressure from high inflation and rising interest rates.

Last month’s gain reflects a resilient job market that has so far shrugged off concerns that the economy will weaken in the coming months as the Federal Reserve steadily raises interest rates to fight inflation….

Source link