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.