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Another gangbusters payrolls report. Total nonfarm payroll employment increased by 339,000 in May; forecast had been for ~190,000.
In 13 of the past 14 months, the jobs number has exceeded forecasts.
In 13 of the past 14 months, the jobs number has exceeded forecasts.
The change for April was also revised up by 41,000, from +253,000 to +294,000.
Construction hiring accelerated slightly from previous few months. This is despite rising interest rates, which should be discouraging building.
Wonder how much of this might be related to some of the CHIPS/infrastructure/IRA industrial policy? Seems too early
Wonder how much of this might be related to some of the CHIPS/infrastructure/IRA industrial policy? Seems too early
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