U.S. Job Growth Far Exceeds Estimates In May

U.S. employment jumped by much more than expected in May, according to the Labor Department's closely watched jobs report. The stronger-than-expected labor market reading is positive for growth but could reinforce expectations for tighter monetary policy and rate sensitivity across markets.

Analysis

U.S. employment jumped by much more than expected in May, according to the Labor Department's closely watched jobs report. The stronger-than-expected labor market reading is positive for growth but could reinforce expectations for tighter monetary policy and rate sensitivity across markets.