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Nonfarm payrolls pick up steam in May, but unemployment rate hits 4.0%

June 7, 2024
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Jun. 07, 2024 8:31 AM ETBy: Liz Kiesche, SA Information Editor
Nonfarm payrolls pick up steam in May, but unemployment rate hits 4.0%

Dimitri Otis/DigitalVision by way of Getty Photographs

Could nonfarm payrolls: +272K vs. 182K anticipated and 165K prior (revised from +175K). Unemployment fee: 4.0% vs. 3.9% anticipated and three.9% prior. Common hourly earnings rose 0.4% in Could, accelerating from 0.2% in April and topping the 0.3% consensus. Y/Y, common hourly earnings elevated 4.1%, in contrast with the +3.9% consensus and +4.0% within the prior month (revised from +3.9%). Growing…verify again for updates.

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