May jobs reports signals Fed's soft landing: US Labor Secretary
==========
The US added 272,000 jobs in May, with the unemployment rate at or below 4% for 30 months, indicating a solid economic recovery. Acting Labor Secretary Julie Su believes these figures signal a 'soft landing' for the Federal Reserve. The job growth has been broad-based across sectors, including healthcare, government, professional services, construction, and leisure and hospitality. Su also highlights the record-high women's participation in the workforce, which demonstrates an equitable recovery. She emphasizes the need for affordable and reliable childcare to further boost women's labor force participation. Su does not see any impact on the labor force from President Biden's new executive order on the border. Overall, Su believes the numbers indicate a strong and steady economic recovery.
#UsJobsReport #FederalReserve #LaborMarket #EconomicRecovery
https://finance.yahoo.com/video/may-jobs-reports-signals-feds-143205970.html
Yahoo Finance /
npub1j0…s3yhd
2024-06-07 15:19:55
Author Public Key
npub1j0e6zhr82q4par2f4ecr67zvj0ltv8qgqr8v3llw2ed6qvdrm4fs9s3yhdPublished at
2024-06-07 15:19:55Event JSON
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"content": "May jobs reports signals Fed's soft landing: US Labor Secretary\n==========\n\nThe US added 272,000 jobs in May, with the unemployment rate at or below 4% for 30 months, indicating a solid economic recovery. Acting Labor Secretary Julie Su believes these figures signal a 'soft landing' for the Federal Reserve. The job growth has been broad-based across sectors, including healthcare, government, professional services, construction, and leisure and hospitality. Su also highlights the record-high women's participation in the workforce, which demonstrates an equitable recovery. She emphasizes the need for affordable and reliable childcare to further boost women's labor force participation. Su does not see any impact on the labor force from President Biden's new executive order on the border. Overall, Su believes the numbers indicate a strong and steady economic recovery.\n\n#UsJobsReport #FederalReserve #LaborMarket #EconomicRecovery\n\nhttps://finance.yahoo.com/video/may-jobs-reports-signals-feds-143205970.html",
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