May Jobs Report Adds 339k Jobs, But Unemployment Rate Rises To 3.7% (Avg Hourly Earnings Cool To 4.3% YoY, Too Bad Core Inflation Still Sizzling At 5.5%)
by confoundedinterest17 The May jobs report is out and, under normal circumstances, would led The Fed to raise rates. But these are not normal times, my friends. The US economy (allegedly) added 339k jobs in May. That is the good news. The not-so-good news? A large diverengence between the Establishment survey and Household survey. +339k versus -310k. What’s it going to be? The bad …