comment on U.S. May 2024 jobs data
Tight Labor Market Likely to Delay Fed Rate Cut Further
June 7, 2024
The 272 thousand increase last month in U.S. non-farm payroll employment exceeded market expectations by nearly 50% and comes on top of 238k per month job growth in the prior two months. Job growth per se needed delay a rate cut, but today’s report also included a 0.2 percentage point decline in labor market participation […] More
