{"id":33443,"date":"2022-06-03T13:02:04","date_gmt":"2022-06-03T13:02:04","guid":{"rendered":"https:\/\/tahrir2day.com\/news\/2022\/06\/03\/hiring-stayed-strong-in-may-with-employers-adding-390000-jobs\/"},"modified":"2022-06-03T13:02:04","modified_gmt":"2022-06-03T13:02:04","slug":"hiring-stayed-strong-in-may-with-employers-adding-390000-jobs","status":"publish","type":"post","link":"https:\/\/tahrir2day.com\/news\/2022\/06\/03\/hiring-stayed-strong-in-may-with-employers-adding-390000-jobs\/","title":{"rendered":"Hiring stayed strong in May, with employers adding 390,000 jobs"},"content":{"rendered":"
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Hiring remained strong in May, with employers adding 390,000 jobs despite high inflation and concerns about a economic slowdown<\/span>.<\/p>\n

Last month\u2019s hiring exceeded economists \u2019predictions that employers had added 325,000 jobs in May. <\/p>\n

The unemployment rate remained stable at 3.6%, the same as in the last two months and close to its pre-pandemic level. Wages grew 5.2% in the last 12 months. <\/p>\n

Leisure and hospitality, professional and business services and transportation and storage led labor gains, the Labor Department said Friday.<\/p>\n

However, there were indications that the labor market may be cooling from its intense pace last year. Wage increases are slowing, and are well below the inflation rate, currently above 8%. Recruitment estimates for the past two months were revised downwards, showing 22,000 fewer people hired than initially estimated. <\/p>\n

And the number of people working part-time who would have preferred to work full-time increased by about 300,000, reflecting working hours that were cut “due to lack of work or business conditions,” the department said. of Work.<\/p>\n

Major technology companies have been downsizing expansion plans and laying off workers as their stocks have been ruined. Large retailers have also withdrawn their expansion plans as their profits disappoint. <\/p>\n

“While some parts of the economy are experiencing a slowdown, other parts are accelerating,” Daniel Zhao, a senior economist at Glassdoor, told CBS MoneyWatch. “We are seeing very strong demand from employers, healthy earnings and wage increases, so overall it’s a very healthy job market.” <\/p>\n

This is a developing story.
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