economy
Investors boost bets for Fed rate rise after bumper US jobs report
World’s biggest economy adds 172,000 jobs in May in sign labour market is ‘turning the corner’
TL;DR
- The US economy added 172,000 jobs in May.
- This job growth is seen as a sign that the labor market is improving.
- Investors have increased their bets on a Federal Reserve interest rate hike following the jobs report.