US private payrolls increased by 122,000 during May
US private payrolls grew by 122,000 in May, exceeding forecasts. Economists note the labor market is stabilizing as hiring remains steady despite inflation.
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United States private payrolls rose by 122,000 in May, exceeding the 117,000 gain forecast by economists. This increase follows a downwardly revised 105,000 gain in April, which was originally reported as 109,000. Economists cautioned against viewing the rise as a sign of a strengthening labor market as other indicators point to stabilizing conditions.
