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Kiplinger
Kiplinger
Business
Dan Burrows

May's Jobs Growth Blows Past Forecasts: What the Experts Are Saying

Inflation Unemployment Jobs Report Economy United States US Federal Reserve
Jobs report.

Jobs growth exceeded estimates by nearly 100,000 new hires last month and wage pressures mounted, further complicating the Federal Reserve's rate-cut calculus, experts say.

U.S. nonfarm payrolls increased a whopping 272,000 in May, the Bureau of Labor Statistics said Friday, easily topping economists' estimate for the creation of about 180,000 jobs. 

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