The U.S. economy added 339,000 jobs in May, smashing estimates, while the unemployment rate ticked up to 3.7%, according to the Bureau of Labor Statistics. Economists had expected May to bring in around 190,000 jobs.
The data didn’t bring the slowdown in hiring many had expected to see. In fact, the BLS revised jobs numbers for March and April up by 52,000 and 41,000, respectively. That puts March’s jobs total at 217,000 and April’s at 294,000.
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