May jobs report blows past forecasts as labor market heats up

Name: May jobs report blows past forecasts as labor market heats up
Uploaded: 2024-06-07T09:45:00-0500
Duration: 3 min
Description: The U.S. labor market continues to simmer as the economy added significantly more jobs than expected in May, furthering the view that the Federal Reserve will wait until at least September to cut interest rates.

The U.S. labor market continues to simmer as the economy added significantly more jobs than expected in May, furthering the view that the Federal Reserve will wait until at least September to cut interest rates.