U.S. May Payrolls 390,000 Strong

U.S. employers added more new jobs than expected in May with payrolls rising by 390,000.

According to the Bureau of Labor Statistics’ monthly jobs report released today, the unemployment rate held at 3.6% for the third month in a row.

The health of the labor market in the world’s largest economy is being closely watched as fast-rising prices raise fears of a future downturn.

In recent weeks, some companies have shared plans to slow or freeze hiring.

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Edited by Jesus Chan

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