Economy added 339,000 new jobs in May despite Fed rate hikes, unemployment at 3.7%

The economy crushed expectations in May and added another 339,000 jobs, showing labor market fortitude despite the Federal Reserve’s rate hiking. The headline job growth number in Friday’s employment report from the Bureau of Labor Statistics was far more than predicted, and the job numbers for the previous two months were also increased by a combined 93,000. Monthly job growth has been averaging over 280,000 for the past three months, a pace that indicates economic strength rather than weakness. Read the full story here: https://www.washingtonexaminer.com/policy/economy/economy-added-339-000-new-jobs-in-may-despite-fed-rate-hikes-unemployment-at-3-7 Check out our website: https://www.washingtonexaminer.com/