Looking Beyond Mixed Signals, US Labor Market Remains Strong
- Payrolls jumped in May, contrasted by increase in jobless rate
- Job openings, jobless claims also point to labor market health
A worker on the assembly line at a manufacturing facility in San Antonio, Texas.
Photographer: Luke Sharrett/Bloomberg
This article is for subscribers only.
The latest US jobs report presented conflicting signals on a heretofore robust labor market: hiring that exceeded expectations and a jump in the unemployment rate.
Economists said they saw more reason than not to believe the labor market is still humming.