Hiring stayed strong in May, with employers adding 390,000 jobs

Canada News News

Hiring stayed strong in May, with employers adding 390,000 jobs
Canada Latest News,Canada Headlines
  • 📰 CBSNews
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 68%

Hiring remained strong in May, with employers adding 390,000 jobs despite high inflation and worries about an economic slowdown.

Last month's hiring exceeded economists' predictions that employers would add 325,000 jobs in May.

Leisure and hospitality, professional and business services and transportation and warehousing led the job gains, the Labor Department said. But nearly every major industry increased head count — a sign that the recovery is widespread.Still, there are signs the job market may be cooling from its red-hot pace last year. The retail sector lost 60,000 jobs last month, underlining slowing spending in that sector.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CBSNews /  🏆 87. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US added 390K jobs in May as hiring remained robustUS added 390K jobs in May as hiring remained robustU.S. employers added 390,000 jobs in May, extending a streak of solid hiring that has bolstered an economy under pressure from high inflation and rising interest rates.
Read more »

Social Security & You: Earnings after retirement may or may not increase your Social Security checkSocial Security & You: Earnings after retirement may or may not increase your Social Security checkQ: I am 73 and still working part time. I took my Social Security at age 66. I have never seen an increase in my Social Security check, even though I am still paying into the system. What’s up?
Read more »

How a Rackspace co-founder hopes to fix dysfunctional hiring processesHow a Rackspace co-founder hopes to fix dysfunctional hiring processesDrew Hicks, Jobward’s chief development officer, said many hiring tools are focused on helping employers get lots of applicants. “Now you’ve got 10,000 job-seekers. What are you going to do with them?” he said. Story by waylon_atx.
Read more »

FBI Hiring Teachers, Downtown Hotel Lawsuit: The top 10 headlines in San Antonio this weekFBI Hiring Teachers, Downtown Hotel Lawsuit: The top 10 headlines in San Antonio this weekThe fallout of Uvalde's school shooting continued to dominate local headlines, but our two most-read stories weren't directly related to the tragedy. SanAntonio SATX SanAntonioTX Uvalde UvaldePolice DowntownSanAntonio FBI TexasTeachers
Read more »

Lakers officially announce hiring of Darvin Ham as next head coachLakers officially announce hiring of Darvin Ham as next head coachThe Los Angeles Lakers officially announced the hiring of Darvin Ham as the next head coach of the franchise Friday. Ham, a former Milwaukee Bucks assistant, signed a multi-year deal.
Read more »

Coinbase pumped the brakes on hiring as Wall Street's love affair cooledCoinbase pumped the brakes on hiring as Wall Street's love affair cooledWall Street appears to be losing faith in Coinbase, a development that comes as the US crypto exchange undertakes a raft of cost-cutting measures.
Read more »



Render Time: 2025-03-04 22:19:11