The latest U.S. labor market report showed a remarkable rise in non-farm payrolls in May, with a surprise gain of 339,000.
This marks the strongest rate of employment growth since January 2023.
This surprise jump also bucked projections of a decline in job growth to 180 - 190,000, the revised April result of 294,000, signaling healthy employment conditions across the country.
May's job survey also highlighted notable differences in employment growth between industries, underlining the importance for investors to monitor these sector-specific trends closely.
What industries added the least jobs in May?
By the year end, transportation and warehousing workforces grew by 24200, driven by transit, ground passenger transportation, and couriers.
The tech industry, including semiconductors, the internet, and software, has experienced strong growth in recent months, driven by the AI rally. Rural areas, such as agriculture, mining, and retail, have been lagged.
What are some ETF performance highlights for the past month?
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