Labor Department (US) – Page 9

Hiring Remains Strong Even as Fed Tries to Cool Economy

The Labor Department reported 390,000 new jobs in May, as policymakers try to ease inflation without inducing a recession.

Here’s what you need to know at the end of the day.

The Labor Department reported a gain of 428,000 jobs in April, along with a 5.5 percent increase in average hourly earnings from a year earlier.

The Labor Department report also showed a 5.5 percent increase in average hourly earnings from a year earlier.

After lagging earlier in the recovery, the labor force has rebounded strongly in recent months. But job openings are rising even faster.