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The May 2024 Employment Report reveals continued strength in the U.S. labor market. The economy added 272,000 jobs, and the unemployment rate held steady at 4%. These figures highlight the resilience of the labor market amid broader economic uncertainties.
The robust job growth exceeds the average monthly gain of 232,000 over the past year, signaling a stable economic environment.
General Employment Trends
In May 2024, the U.S. economy added 272,000 jobs, well above the average monthly increase of 232,000