Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
U.S. Stocks
CFD
U.S. stock CFD derivatives
Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
GUSD
Mint GUSD for Treasury RWA yields
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
Rewards
Square
Latest
Hot
News
Profile

U.S. job growth in May continues the strong momentum from the previous two months

CoinNetwork
robot
Abstract generation in progress
CryptoWorld News reports that the U.S. economy achieved strong job growth again in May, confirming that the labor market is gaining momentum after experiencing a downturn last year and possibly giving the Federal Reserve more room to keep interest rates unchanged amid inflation rising due to the Iran conflict. Data released by the U.S. Bureau of Labor Statistics on Friday shows that non-farm employment increased by 172k in May; the April figure was revised sharply upward from the previously reported 115k to 179k. The employment growth in May continued the strong momentum of the previous two months. The unemployment rate remained at 4.3% for the third consecutive month. The improvement in employment growth mainly reflects that layoffs remain relatively low. There are currently no signs that the surge in oil prices and transportation costs through the Strait of Hormuz caused by Middle East conflicts have had a substantial impact on the U.S. job market. Despite the strong employment growth, the labor market remains in what economists call a "low hiring, low firing" equilibrium.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
Add a comment
Add a comment
RetroRadioSignal
· 8h ago
After the correction, April is even higher, data gaming is on point.
View OriginalReply0
GateUser-2d7346e0
· 8h ago
This equilibrium state is quite delicate, and the soft landing script is still playing out.
View OriginalReply0
LiquidityLifeguard
· 8h ago
Strong but no surprise, the market likely continues to bet on a September rate cut falling short
View OriginalReply0
GateUser-a4680931
· 8h ago
Hiring slowdown + no layoffs = zombie positions, workers feel a big difference in temperature
View OriginalReply0
OpcodePoet
· 8h ago
The non-farm data looks okay, but how long can this state of low hiring and low layoffs last?
View OriginalReply0

  • Pinned

Sitemap