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View More »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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Out-cue: to pre-pandemic levels]
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.
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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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Former President Donald Trump kicked off his 2024 White House bid with a stop Saturday in New Hampshire before heading to South Carolina, appearances in early-voting states marking the first campaign events since announcing his latest run more than two months ago.
Those states hold two of the party’s first three nominating contests, giving them enormous power in selecting the nominee.
Mr. Trump and his allies hope the events will offer a show of force behind the former president after a sluggish start to his campaign. In recent weeks, his backers have reached out to political operatives and elected officials to secure support for Mr. Trump at a critical point when other Republicans are preparing their own expected challenges.
Bernie Bennett reporting.
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