U.S. Added 390,000 Jobs In May As Hirings Remained Robust

The unemployment rate remains at 3.6% for the third month, with 390,000 jobs added in May, surpassing expectations. The labor market shows strength, particularly in leisure, hospitality, and transportation sectors, despite a dip in retail. The report suggests a strong job market, easing recession fears and supporting potential interest rate hikes by the Fed. Job seekers find favorable conditions, with employers under pressure to hire and retain talent.

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