U.S. Employment and Federal Reserve Rate Cuts

SOURCE www.breitbart.com
Employers in the United States added 272,000 workers to payrolls in May, leading to an increase in the unemployment rate to four percent. The strong job numbers are likely to delay rate cuts from the Federal Reserve.

Key Points

  • Private sector added 229,000 jobs, up from 158,000 in the previous month
  • Services sector saw job gains in various industries including healthcare and education
  • Average hourly earnings increased by 0.4 percent compared to the previous month

Pros

  • Strong job growth in May with 272,000 new workers added to payrolls
  • Average hourly earnings rose 0.4 percent compared to April
  • Unemployment rate increased to four percent despite strong hiring

Cons

  • Delayed rate cuts from the Federal Reserve due to strong job numbers