US jobs growth was almost twice as strong as forecast in May, an unexpected sign of labour market resilience ahead of a Federal Reserve decision on whether to hold interest rates steady or push ahead with another increase.
The economy added 339,000 new non-farm jobs last month, according to figures published by the Bureau of Labor Statistics on Friday, compared with expectations of about 195,000. Figures for the previous two months were also revised upwards.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased