The U.S. economy added 390,000 jobs in May, extending a yearlong streak of strong gains. The jobless rate remained at 3.6%.
Persistent shortage of workers, interest-rate increases and inflation will likely cool labor market in coming months, economists say
Amid a record hiring streak in the U.S., economists are watching for signs of a possible wave turn. WSJ’s Anna Hirtenstein looks at how rising interest rates over high inflation, market selloffs and recession risks challenge the growth of America’s workforce. Photo: Olivier Douliery/AFPThe U.S. economy added 390,000 jobs in May, extending a yearlong streak of strong gains, the Labor Department said Friday. The jobless rate remained at 3.6%.
The job market is coming off an exceptional stretch in which demand vastly exceeded the supply of available workers.
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