U.S. Economy Keeps Adding Jobs

“The U.S. economy continued to crank out jobs in May, with nonfarm payrolls surging more than expected despite multiple headwinds,” CNBC reports.

New York Times: “The robust hiring suggests that employers remain eager for workers even in the face of high interest rates and economic uncertainty. Many are still bringing on employees to meet steady consumer demand, especially for services. And rather than lay off workers — which would signal deeper cracks in the labor market — a large swath of companies have been content to limit their head count through attrition.”

“An open question is whether employers can continue to rebuff economic challenges — and for how long.”