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After a weaker jobs report in April, May’s data completely reversed the trend. The U.S. economy added 272,000 new jobs last month, far above market expectations of 150,000. The unemployment rate rose slightly to 4.0%, but this still marks the 30th month in a row of the unemployment rate being at or below 4%. If this trend continues throughout the summer into the fall, this record will exceed the 35-month record set during the economic boom of the Eisenhower administration. Overall, the gap between supply and demand is gradually normalizing, as openings and hiring slow while more job seekers reenter the