U.S. Employment Jumps By 172,000 Jobs In May, Much More Than Expected

U.S. employment jumped by much more than expected in May, signaling stronger-than-forecast labor market conditions. The report is a positive read on economic momentum and may influence expectations for Federal Reserve policy if it shifts views on labor tightness.

Analysis

U.S. employment jumped by much more than expected in May, signaling stronger-than-forecast labor market conditions. The report is a positive read on economic momentum and may influence expectations for Federal Reserve policy if it shifts views on labor tightness.