May Jobs Report: Modest Growth in the Midst of Sticky Inflation
By Bernard E. Anderson, PhD
Whitney M. Young Professor Emeritus,
The Wharton School of the University of Pennsylvania
Chief Economic Advisor, National Urban League
With an unexpectedly high 292,000 jobs produced in May, the nation’s economy remains on the path of modest growth in the midst of sticky inflation, with a better balance between job openings, hiring, and labor turnover.