The U.S. Labor Market Remains Resilient, but Affordability Challenges Are Growing
This morning’s U.S. jobs report delivered another upside surprise, with nonfarm payrolls rising by 172,000 in May and the unemployment rate holding steady at 4.3%. Average hourly earnings climbed 3.4% year-over-year, with wage growth of 0.3% just for the month. At first glance, these figures paint a picture of a labor market that’s still healthy…
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