Jobs Report May 2024

Jobs Report May 2024.  — the robust may jobs report dashed wall street’s hopes that the federal reserve could begin cutting interest rates in september. Job growth accelerated again in may, defying expectations for a slowdown, even as the unemployment rate rose to the highest level in more than two.

Job gains totaled 272,000 in may, much more than expected. Economy added far more jobs than expected in may, countering fears of a slowdown in.