US economy adds 206,000 jobs but unemployment rises ...Middle East

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US labour market showed signs of cooling, with the unemployment rate rising even as the pace of jobs creation slowed by less than expected. The US economy added 206,000 jobs last month, the Bureau of Labor Statistics said on Friday, more than the 190,000 roles economists polled by Reuters had forecast. May’s figure was revised down to 218,000. Friday’s non-farm payrolls report also showed that the US unemployment rate increased to 4.1 per cent from 4 per cent, its highest level since November 2021. The US labour market’s resilience over the past two years has a

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US economy adds 206,000 jobs but unemployment rises ...Middle East

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