Market Insight June 2022

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June 2, 2022 No comments

Economy Adds 390,000 Jobs In May Amid Inflation, Worker Shortages—U.S. employers added 390,000 jobs in May as hiring slowed modestly after a record string of gains amid high inflation, persistent worker shortages and rising interest rates. The unemployment rate was unchanged at 3.6%, just above a 50-year low, stated by the Labor Department June 3.

Economists surveyed by Bloomberg had estimated that 325,000 jobs were added in April.

Source: USAToday, 06.03.2022

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