Rate cuts further dimmed with positive employment report
Key takeaway: The Bureau of Labor Statistics reported Friday that the U.S. added 172,000 jobs in May, while unemployment held steady at 4.3%. Supporting data: Leisure and hospitality added 70,000 jobs, followed by local government with 52,000 and healthcare with 47,000. What’s at stake: The stronger-than-expected employment figures will likely make it more difficult for […]
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