Here are five key takeaways from the US employment report for May, released Friday. • May saw another big upward surprise in payroll gains, with employers adding 339,000 jobs versus the expected 195,000. The increases were widespread, with notable upticks in professional and business services, government and health care. The large April gains were revised even higher, another signal of labor-market strength. • The unemployment rate also unexpectedly ticked up, to 3.7% from a decades-low 3.4% in April. That was at least in part driven by more prime-age workers entering the labor force. • The surge in payrolls ... (full story)