🇺🇸 BREAKING: U.S. Adds 139K Jobs in May – Market Reacts Positively

The U.S. economy added 139,000 jobs in May, slightly surpassing expectations of 125,000. The unemployment rate held steady at 4.2%, while average hourly wages rose by 0.4%, marking a 3.9% increase year-over-year.

Key Highlights:

Sector Performance: Healthcare led with 62,000 new jobs, followed by leisure and hospitality with 48,000.

Government Employment: The federal government shed 22,000 jobs, the most since November 2020.

Labor Force Participation: The participation rate declined by 0.2% to 62.4%, indicating a slight decrease in the workforce.

Despite the solid job gains, revisions to previous months' data and a shrinking labor force suggest a cooling labor market. Markets responded positively, with major indices posting gains. #USA #CryptoNewss #USEconomics #BinanceSquare