BREAKING NEWS

The U.S. hiring spree continued in May: Employers added 390,000 jobs and average hourly earnings rose 5.2 percent from a year ago.

Friday, June 3, 2022 8:45 AM ET

The unemployment rate was 3.6 percent for the third straight month, near a half-century low.

Record levels of consumer spending, which makes up about 70 percent of the economy, have driven business expansion and job creation, as companies try to keep up with demand for goods and services.

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