Overview

• Non-Farm Payrolls increased by 272,000 in May, significantly above the expected 180,000.
• Unemployment rate edged up to 4%, ending a 27-month streak of sub-4% unemployment.
• Wage growth accelerated to 4.1% year-over-year, outpacing inflation.
• Mixed labor market data suggest economic normalization, but concerns about a slowdown persist.
• Stock markets showed volatility as investors reassessed interest rate cut expectations.