![Mixed Employment Data in May](https://eyeonhousing.org/wp-content/uploads/2024/06/Figure1_May2024-600x400.jpg)
Mixed Employment Data in May
Despite high interest rates, job growth accelerated in May, but the unemployment rate increased to 4.0%. Overall, the labor market remains strong, but there are signs of slowing, which signals monetary policy easing in the months ahead. Additionally, wage growth accelerated for the first time…