The US economy added 172,000 jobs in May, blowing past expectations, according to the government’s closely watched jobs report. The unemployment rate remained flat at 4.3%.
Economists surveyed by Bloomberg had anticipated payroll growth of 88,000 for the month.
April’s jobs report — which itself was a massive beat — was also revised to show an even better 179,000 jobs gained, compared to the 115,000 reported earlier. March’s payroll growth was similarly updated to show 214,000, bringing the first monthly gain above 200,000 since early 2024.
The stock market isn’t showing much respect for this report.
Hmmmm … perhaps the bloom is off AI?
I’ve been expecting an AI stock implosion for a while now, dragging the rest of the market down with it. So far, no signs of that.
The stock market seems schizo.
Our wise elders told us that Diversity is Strength. These jobs numbers would have been much better except for the horrible policy of deportations enacted by the reactionary Trump regime.
I know of several Canadian enterprises that have embraced third world models of political economy, and they report improved productivity from their ‘Aztec’ and ‘Ivory Coast’ business methods.
I got a set of ivory coasters for Christmas and my drinking is so much more elegant now.
Hail Set, the Coaster God!
Thankfully the governor of New Jersey is jumping in to address the “affordability crisis” for all the state’s 3rd World tourists.
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