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Recession outlook: Economic decline unlikely after hot May jobs report

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markets.businessinsider.com/news/stocks/recession-outlook-economic-decline-unlikely-after-hot-may-jobs-report-2023-6

The odds of a recession in the next 12 months fell considerably after May's strong jobs report, DataTrek Research said.
• The May report showed that 339,000 jobs were added to the economy last month, well ahead of economist estimates.
• "History does support the idea that May's job growth pushes back the start of a US recession by at least 6 to 12 months," DataTrek said.
The…

This story from markets.businessinsider.com was posted on 2023-06-07 by @daydreamr.

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