The Cable: Insights for International Americans
US Market Update May 2024
MACRO ENVIRONMENT The US labour market exceeded expectations in May, adding 272,000 nonfarm payroll jobs compared to economists’ forecast of 180,000. Key sectors driving this growth included government, heath care, leisure, and hospitality which accounted for over 80% of all jobs created in the past year. However, the unemployment rate saw a slight uptick from […]