June 2, 2023
The Bureau of Labor Statistics released a blockbuster jobs report that proves, despite the high inflation and the high interest rates, the jobs market remains super strong.
Employers added 339-thousand jobs in May, shattering expectations. The industries that saw the biggest growth in May, Professional & business services 64,000, government 56,000, health care 52,000, leisure & hospitality 46,000.
But—there could be problems ahead. Unemployment also increased. In April it was 3.4% and in May it was 3.7%.
Read the jobs report here.
