U.S. employers added 390,000 jobs in May, extending a streak of solid hiring that has bolstered an economy under pressure from high inflation and rising interest rates.
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May jobs report: US economy added 390,000 jobs - CNN VideoUS employers added 390,000 jobs in May, representing a robust but slower pace of hiring. Watch CNN's ChristineRomans break down the Bureau of Labor Statistics report here:
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U.S. adds 390,000 jobs in May and shows economy is still at cruising speedThe U.S. added a stronger-than-expected 390,000 new jobs in May, signaling the labor market and broader economy are still going strong. The increase in employment was the smallest in 13 months, but economists said employment growth was bound to slow.
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Chevron CEO says there may never be another oil refinery built in the U.S.Chevron CEO Mike Wirth says he doubts a new oil refinery will ever be built in the U.S. again, given the federal government's policies.
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Bank economists say U.S. heading toward 'soft landing,' may avoid recession with inflation easingThe economy will continue to expand through 2024 but at a reduced pace, according to a forecast by economists with the American Bankers Association.
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