US Hiring Surges Past Expectations as Job Market Still Strong

With the economy still adding more jobs than anticipated, analysts expect the Fed to hold off rate reductions for longer. U.S. job growth blew past estimates in May even as unemployment edged up, data showed Friday, underscoring the labor market’s resilience as policymakers seek to cool the economy gradually. But the hotter than expected figures could complicate the Federal Reserve’s calculus as it weighs the right time to lower interest rates.

Read more here https://www.industryweek.com/talent/news/55057047/us-hiring-surges-past-expectations-as-job-market-still-strong