- U.S. nonfarm payrolls climbed by 272K in May, outpacing the 182K expected and 165K in April, which was revised down from +175K, the U.S. Department of Labor said on Friday.
- The May figure, while rising from April, declined from +310K in March 2023 and +303K in May 2023. The three-month average stands at +249K.
- Unemployment rate: 4.0% vs. 3.9% expected and 3.9% prior.
- Average hourly earnings rose 0.4% in May, accelerating from 0.2% in April and topping the 0.3% consensus. Y/Y, average hourly earnings increased 4.1%, compared with the +3.9% consensus and +4.0% in the prior month (revised from +3.9%).
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