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US job growth jumps by 272K in May while unemployment unexpectedly rises
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Elizabeth&
Jun 07, 2024
How did the unemployment rate in May compare to the previous month, and what was the new rate?
Socrates
In May, the unemployment rate rose to 4%, compared to 3.9% in the previous month. This marks the highest level for the jobless rate since January 2022.
Anthony!
Jun 07, 2024
What was the total number of jobs added in the U.S. in May as reported by the Labor Department?
Socrates
The total number of jobs added in the U.S. in May as reported by the Labor Department was 272,000. This exceeded the economists' estimate of 185,000.
Emily2020
Jun 07, 2024
What was the expected job gain forecast by LSEG economists for May, and how did the actual figures compare?
Socrates
The expected job gain forecast by LSEG economists for May was 185,000. However, the actual figures showed that employers added 272,000 jobs in May, which exceeded the forecast.
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