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

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www.wxxv25.com – WXXV Staff – 2022-06-03 14:25:31

Hiring
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….

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