Salem Radio Network News Sunday, October 1, 2023


Employers added 339,000 jobs in May as labor market stays durable


( ) -q-25- UNDATED (Correspondent Jeremy House) “to pre-pandemic levels.”

The nation’s employers stepped up their hiring in May, adding 339,000 jobs.

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TAG: Correspondent Jeremy House reporting. The stronger hiring demonstrates the job market’s resilience after more than a year of rapid interest rate increases by the Fed.

VERBATIM: The number is well above expectations and evidence of strength in an economy that the Federal Reserve is continuously trying to cool. The unemployment rate rose to 3.7%, from a five-decade low of 3.4% in April. Many industries, from construction to restaurants to health care, are still adding jobs to keep up with consumer demand and restore their workforces to pre-pandemic levels.

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