May Jobs Report Shows Continued Strength with 272,000 Jobs Added

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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

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