The May jobs report blew past economists' expectations, but an increase in the unemployment rate and some underlying softness in other areas of the labor market should keep the Federal Reserve on course to leave interest rates unchanged at the next Fed meeting, experts say.
Nonfarm payrolls increased by 339,000 last month, the Bureau of Labor Statistics said Friday, or well ahead of estimates for the addition of 195,000 new jobs. Upward revisions to the April and March figures revealed that employment for both months combined was 93,000 greater than originally reported.
