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What unexpected May jobs report means for economy, Americans

Name: What unexpected May jobs report means for economy, Americans
Uploaded: 2024-06-07T09:01:00-0400
Duration: 4 min 4 s
Description: A staggering 272,000 jobs were added in the U.S. last month, according to the Labor Department's May jobs report. The data beats analysts' predictions and signals hopeful news for the economy, but the unemployment rate rose to 4%. CBS News business analyst Jill Schlesinger has more.

A staggering 272,000 jobs were added in the U.S. last month, according to the Labor Department's May jobs report. The data beats analysts' predictions and signals hopeful news for the economy, but the unemployment rate rose to 4%. CBS News business analyst Jill Schlesinger has more.