On today’s episode we discuss the May Employment Report (“The Jobs Report”) release by the Bureau of Labor Statistics (BLS). Payrolls increased by 559,000 and the unemployment rate fell from 6.1% to 5.8%. We discuss where the jobs are coming from and the struggles that remain to getting back to pre-COVID payroll levels.
For more information on the topics discussed:
Hiring Picked Up in May but Lagged Behind Broader Recovery - WSJ
Employment Situation Summary (bls.gov)