Firm U.S. Jobs Numbers Boost Rate Hike Chances, But Lack Of Breadth Remains A Concern
Source: SeekingAlpha
2026-06-05 11:30:00 ET
By James Knightley , Chief International Economist, US
Payrolls boosted by the usual 'big 3'
The May jobs report is strong, with non-farm payrolls rising 172k versus the 88k consensus expectation, plus there were 93k upward revisions to the past two months’ data. Private payrolls are up 120k versus 89k expected, while government added 52k. Meanwhile, the unemployment rate remained at 4.3% and wage growth slowed to 3.4% from 3.6%....
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Firm U.S. Jobs Numbers Boost Rate Hike Chances, But Lack Of Breadth Remains A Concern
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