Di US economy don create 172,000 jobs for May, as bars, restaurants, and oda leisure places ramp up hiring ahead of di World Cup wey go happen for US, Mexico, and Canada.
According to di Bureau of Labor Statistics, most of dis jobs na for leisure and hospitality, local government, and health care. Di leisure and hospitality sector alone add 70,000 workers, wey be big jump from di average monthly increase of 14,000 for di year before. Food and drink businesses specifically hire 48,000 of dem.
Dis boost help continue di trend of US economy creating more jobs than economists expect, even with rising costs from di US-Israel war with Iran. Economists bin forecast 105,000 jobs, but di real number reach 172,000. Plus, di numbers for March and April bin revise up by combined 93,000, wey show hiring dey stronger than first thought.
Di March reading bin revise from 178,000 to 185,000, while April move up from 115,000 to 179,000. US indices dip as stronger labour market push rate cut expectations far back.
