U.S. Adds 172,000 Jobs in May, Surpassing Forecasts; Fed Officials Split on Rate Outlook

According to Jin10, the U.S. added 172,000 jobs in May, exceeding forecasts, with prior months' employment figures revised up by 93,000 combined, as of June 8. Meanwhile, Federal Reserve officials offered conflicting signals on interest rates: Fed Governor Mark Hamrick suggested rate adjustments may come soon, while Goldman Sachs revised its forecast, no longer expecting rate cuts this year due to labor market strength. White House National Economic Council Director Hassett argued the Fed should not raise rates and has room to cut, contrary to some market expectations.
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