The U.S. economy created far more jobs than expected in May and annual wage growth reaccelerated. The Labor Department’s closely watched employment report on Friday also showed the unemployment rate ticked up to 4.0 percent from 3.9 percent in April, a symbolic threshold below which the jobless rate had previously held for 27 straight months. NTD speaks to Danielle DiMartino Booth, CEO and chief strategist for Quill Intelligence.
‘Labor Market Is in Recession’: Strategist
By Don Ma