The U.S. labor market is sizzling, surpassing all forecasts in May and posting its strongest performance in recent months. Nonfarm payrolls surged by a whopping 339,000 in May — a massive leap from the expected 190,000 — it seems the labor market is alive and kicking. Now, investors are asking – are we getting a rate hike at the Fed's next meeting? Well, May's jobs data brought surprises, primarily in the form of an unemployment rate jump from 3.4% to 3.7%, above forecasts of a slight increase to 3.5%. On a more upbeat note, average hourly wages grew by 0.3% month-on-month, meeting expectations
Which Stocks Are Responding To The Strong Jobs Report? 10 Top Movers
Benzinga · 06/02 22:29
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.