Will interest rates drop after May jobs report exceeds expectations?

June 7, 2024
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Will interest rates drop after May jobs report exceeds expectations? – CBS News


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The Labor Department’s jobs report for May far exceeded the predictions of economists with 272,000 jobs added across the U.S. while the unemployment rate rose slightly to 4%. CBS News senior business and tech correspondent Jo Ling Kent has more on how the Federal Reserve may consider those numbers when deciding on interest rate changes.

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