⚠️ SUMMARY OF U.S. MAY JOBS REPORT:
1. Contrary to market expectations, the May jobs report came in stronger than expected.
2. The economy added 139,000 jobs, beating estimates of 126,000.
3. That follows a downward revision for April, which added 147,000 jobs, compared to a previously reported increase of 177,000.
That is a downward revision of 30,000 jobs.
4. The U.S. unemployment rate remained at 4.2%, in line with estimates.
• Key Takeaway: The economy is running okay right now, despite all the tariff uncertainty, potentially complicating the Fed's rate cut timeline.
