The U.S. labor market added 139,000 jobs in May, but the economy saw a loss of 696,000 workers in the household survey.
Three sectors - healthcare, hospitality, and social assistance - accounted for over 90% of the job gains. Manufacturing, construction, and temp work saw declines.
Wages rose 0.4% in May and 3.9% year-over-year, with wage inflation a concern for the Federal Reserve.
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Disguise of Stability
139,000 jobs added. 696,000 workers gone. 625,000 left the labor force.Bullionbite
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