Which Stocks Are Responding To The Strong Jobs Report? 10 Top Movers

Benzinga ·  06/02 22:29

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

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