Economists note that America has the strongest of the world’s most advanced economies, one that has proved surprisingly durable despite the pressure of high interest rates.
Unexpectedly strong hiring numbers suggest that America’s labor market is solid enough to support steady hiring and a growing economy.
It’s the sharpest year-over-year increase since March 2023.
Friday’s report from the Labor Department also shows that the unemployment rate ticked up to 4.1 percent from 4 percent.
The latest figures will likely be welcomed by the Fed’s policymakers.
Measured from a year earlier, wholesale prices rose 2.2 percent last month, edging down from a 2.3 percent increase in April.
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