President Biden delivers remarks on the May job reports.
Nonfarm payrolls increased by 390,000 in May, above the 328,000 Dow Jones estimate. The unemployment rate held at 3.6%, while a more encompassing jobless rate edged higher to 7.1%. Average hourly earnings rose slightly less than expected but were still up 5.2% from a year ago.
Leisure and hospitality led gains, followed by professional and business services then warehousing and transportation.
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LIVE: President Biden delivers remarks on May jobs report — 6/3/2022
