US Nonfarm Payrolls Exceed Expectations, Surge by 272,000 in May
CryptoNewsTerminal Staff07 Jun, 2024
US Nonfarm Payrolls Exceed Expectations, Surge by 272,000 in May
The US Department of Labor recently announced that nonfarm payrolls increased by a strong 272,000 in May, significantly exceeding market expectations of 182,000. This positive news indicates a robust job market in the United States. However, the unemployment rate rose to 4.0%, slightly higher than the anticipated 3.9%. Despite this, overall, the data suggests continued economic growth and employment opportunities in the US.