June 5, 2026
United States:
US Hiring Surged in May, Boosting Expectations for Fed Rate Hike
US job growth topped all forecasts in May and the unemployment rate held steady at 4.3%, offering the clearest sign yet that the labor market may be breaking out of a prolonged period of lackluster hiring.
Nonfarm payrolls increased 172,000 last month after upward revisions to the prior two months, according to Bureau of Labor Statistics data out Friday.
Europe:
Euro-Zone Economy Shrank as Ireland Numbers Distort Picture
The euro-zone economy shrank at the start of the year after an unprecedented contraction in Ireland forced a revision to data that originally showed feeble growth.
Gross domestic product fell 0.2% between January and March, Eurostat said Friday, compared to an earlier estimate of 0.1% growth.
Asia:
Japan’s Real Wages Rise for Fourth Month, Backing BOJ Hike
Japanese workers’ real wages increased for a fourth month, marking the longest stretch of gains in four years and bolstering the case for the Bank of Japan to raise interest rates this month.
Inflation-adjusted wages rose 1.9% from a year earlier, accelerating from a revised 1.4% gain in the previous month, the labor ministry reported Friday.
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