US Doubles Forecasts by Adding 172K Jobs in May
US AddsDoubles Forecasts by Adding 172K Jobs in May, Doubling Forecasts
The Spin
The May jobs report is a massive win for the U.S. economy, with 172,000 jobs added, more than doubling forecasts, and March and April revised sharply upwards. That's 565,000massive jobsjob gains in just three months, nearly all driven by small businesses, a fact that shows that the Trump administration's policies are working as promised, delivering real growth for hardworking Americans.
On the surface, May's jobs report may look great, until you consider the fact that the U.S. has added just 685,000 jobs in the 17 months since Trump took office, compared to the 2.3 million over the 17 months before. This terrible situation for U.S. workers is only compounded by lacklustre wage growth, leaving them ever more squeezed by the Trump administration's rampant inflation.
Metaculus Prediction
There is a 50% chance that the U.S. unemployment rate will reach 10% before 2031, according to the Metaculus prediction community.
Public Figures
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