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Story summary
- The United States added 172,000 jobs in May, double the forecast, pushing three-month average to its highest since March 2024.
- April’s JOLTS reported job openings at level highest since 2024, led by professional and business services.
- Hiring fell to 3.2% in April, echoing the 2010s recovery, while quits dropped to 1.9% in May, well below the 3% Great Resignation peak.
- Inflation topped 4% in May as wage growth lagged, squeezing middle-income households.
