U.S. Adds 559,000 Jobs in May in Sign of Progress on Filling Openings

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  • Bloomberg Quicktake: Now published this video item, entitled “U.S. Adds 559,000 Jobs in May in Sign of Progress on Filling Openings” – below is their description.

    U.S. futures pushed higher and the dollar fell after a pickup in hiring last month bolstered confidence in the economy, while a strong rise in hourly wages added to inflation worries.

    Contracts on the S&P 500 advanced and 10-year U.S. Treasury yields fell to 1.6% after employers added 559,000 jobs last month, just below the average forecast. Investors are assessing what the report means for the strength of the U.S. economy and the Federal Reserve’s next steps with monetary policy.

    AMC Entertainment Holdings Inc.’s wild week continued, with the shares declining in pre-market trading after tumbling 18% on Thursday.

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