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US added 172,000 jobs in May as labor market shows signs of resilience
US employers added 172,000 jobs in May while the country’s unemployment rate held steady at 4.3%, a sign of a resilient labor market despite rising inflation and economic uncertainty brought on by continued conflict in the Middle East. Economists initially predicted there would be about 80,000 new jobs and a steady unemployment rate of 4.3%. Job figures for March and April were also revised up 29,000 and 64,000, respectively, a 93,000 boost compared to initial figures. The new data from the Bureau of Labor Statistics is the latest in a number of reports that have pointed to strong hiring in recent months, despite a ... (full story)
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From @financialjuice|4 hr ago|7 commentsUS CENTCOM: Iran's claim that it fired warning shots at US warships is false. CLAIM: Iran claims it fired warning shots at U.S. warships in the Gulf of Oman, forcing American vessels to “retreat” toward the Indian Ocean. FALSE. TRUTH: Iranian forces did NOT attack or fire at U.S. Navy warships. Doing so would be a gross violation of the ceasefire.… pic.twitter.com/PdfC1EMZTP
From @financialjuice|4 hr ago|10 commentsWH Sr. Adviser Hassett: The Fed shouldn't hike, and will have room to cut. HASSETT SAYS THE FED CAN MONITOR INFLATION AND DELAY ACTION. HASSETT: FED HAS BEEN BEHIND THE CURVE, PLENTY OF ROOM FOR CUT
From cnbc.com|5 hr agoBitcoin ’s dire start to June worsened early on Friday, with the cryptocurrency on course to trade more than 15% lower for the week. Prices had fallen to their lowest levels since ...
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From frnt.substack.com|3 hr agoOn Wednesday, Cardano creator Charles Hoskinson posted on X that he is ‘taking a break.’ The post came following a video posted on YouTube where Hoskinson warned of a range of ...
From @FirstSquawk|3 hr ago|2 commentsFED'S HAMMACK SAYS ACTION ON INTEREST RATES COULD BE NECESSARY SOON. HAMMACK SAYS JOBS REPORT SHOWS LABOR MARKET IS ESSENTIALLY BALANCED. Fed's Hammack: It's reasonable to keep rates steady for now but if recent trends continue, it may soon be appropriate to act against high inflation. Cleveland Fed President Beth Hammack updates and restates her view from a few days ago: It's fine to leave rates where they are today but "if recent trends continue, it may soon be appropriate to act." [Translator key: Appropriate to act = raise rates]
From @realDonaldTrump|3 hr ago|32 comments
With a great Jobs Report, like just announced, stocks should go up, not down. That’s the way it was for 200 years. Growth does not mean inflation! How else can a Country attain GREATNESS??? President DJT
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- Jun 5, 8:37am | 4 hr ago Posted byFundamental Analysis11,585
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