The Jobs Report Everyone Will Misread (opens in new tab)

The May jobs report came in far stronger than expected. Nonfarm payrolls rose by 172,000 while other economists were looking for roughly 80,000 to 85,000 jobs. The unemployment rate remained at 4.3%, and March and April payrolls were revised higher by a combined 93,000 jobs. Leisure and hospitality added 70,000 jobs, local government gained 55,000, […]