The US added 272,000 jobs in May, delivering a hotter-than-expected jobs report. Acting Labor Secretary Julie Su joins Yahoo money management’s Jennifer Schonberger to discuss the state of the labor sector and what could indicate for the Federal Reserve’s next debt charge rate decision.
Su notes that along with the 272,000 new jobs, the unemployment rate has sat at or below 4% for 30 months, the longest time since the 1960s. She says that these figures indicate a “continuation of a very solid year and a very solid economic recovery.”
As for the Fed’s next debt charge rate move, Su says, “I don’t think there’s any way but to say that the numbers don’t lie and say that this is a soft landing, strong job expansion, low levels of unemployment, high labor force participation rate. I
#news #stockmarket #jobs
About Yahoo money management:
Yahoo money management provides free stock ticker data, up-to-date news, investment mix management resources, comprehensive sector data, advanced tools, and more information to help you manage your financial life.
– Get the latest news and data at money management.yahoo.com
– Download the Yahoo money management app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
– Follow Yahoo money management on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/enterprise/yahoo-money management
Disclaimer:
If you own the YouTube channel related to this video and do not want it to be featured here, you can contact us through our contact page. We will gladly remove it without questioning your reasons.