The bigger-than-expected gain in non-farm payrolls is likely to soothe fears about the economy, while the increase in average earnings would prompt the Fed to remain focused on the upside risks to inflation, Capital Economics economist Paul Ashworth said.
Non-farm payroll employment surged by 272,000 jobs in May, data from the Labor Department showed Friday. Economists had forecast employment growth of about 185,000.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.