• U.S. Labor Secretary Marty Walsh on May's job report: 'We still have a ways to go'

    8 days ago - By CNBC

    Job creation disappointed again in May, with nonfarm payrolls up what normally would be considered a solid 559,000 but still short of lofty expectations, the Labor Department reported Friday. Labor Secretary Marty Walsh joined "Squawk on the Street" to discuss the report.
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  • LIVE: President Biden addresses US jobs report as unemployment rate falls to 5.8%

    LIVE: President Biden addresses US jobs report as unemployment rate falls to 5.8%

    8 days ago - By Who TV

    WASHINGTON - U.S. employers added 559,000 jobs in May, an improvement from April's sluggish gain but still evidence that many companies are struggling to find enough workers as the economy rapidly recovers from the pandemic recession.
    Last month's job gain was above April's revised total of 278,000, the Labor Department said Friday. The unemployment rate fell to 5.8% from 6.1% .
    The speed of the rebound from the pandemic recession has caught employers off guard and touched off a scramble to hire. The reopening of the economy, fueled by substantial federal aid and rising vaccinations, has...
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  • Employers Added 559,000 Jobs In May, Unemployment Rate Falls To 5.8%

    8 days ago - By Deadline

    Hiring picked up in May, with employers adding 559,000 jobs and the unemployment rate falling to 5.8%. Yet the encouraging signs for the economy still were short of expectations of a boom as Americans get vaccinated, restrictions are lifted and the country begins to return to normal. President Joe Biden is expected to make a...
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