US NFP grew 390k in May, unemployment rate unchanged at 3.6%

US non-farm payroll employment grew 390k in May, above expectation of 325k. Prior month’s growth was also revised up from 428k to 436k. Overall non-farm employment was still down by -822k, or -0.5% from its prepandemic level. Unemployment rate was unchanged at 3.6% for the third month in a row, above expectation of 3.5%. No […]

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