Over the weekend, President Donald Trump celebrated the May employment reports, even as separate government data showed inflation rising and Americans’ wages falling for the first time in three years.
Economists had forecast that the economy would be adding roughly 85,000 jobs in May, but the report by the Labor Department indicates reality has exceeded the expectation by more than double, with some 172,000 positions added to payrolls. The unemployment rate held at 4.3 percent for a third consecutive month.
