Will interest rates drop after May jobs report exceeds expectations?

[ad_1]

The Labor Department’s jobs report for May far exceeded the predictions of economists with 272,000 jobs added across the U.S. while the unemployment rate rose slightly to 4%. CBS News senior business and tech correspondent Jo Ling Kent has more on how the Federal Reserve may consider those numbers when deciding on interest rate changes.

[ad_2]

, 2024-06-07 22:24:00

Source link

Related posts

NYC to Double Bus Stops With Real-Time Arrival Screens, Aiming for 2,900 by 2030

Mamdani opens 1976 time capsule, starts $185 million upgrade of Staten Island wastewater plant

New York City Deploys Community Health Workers to Shield Residents From Medicaid Losses

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More