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US Job Growth Surpasses Expectations Amid Global Economic Slowdown
Simply Economics
11 minutes 45 seconds
5 months ago
US Job Growth Surpasses Expectations Amid Global Economic Slowdown
In this episode, we delve into the latest US jobs report, revealing a surprising increase in nonfarm payrolls for May 2025. Despite this positive news, global economic growth is projected to slow, with inflation concerns rising due to increased trade costs. We explore the implications of these trends with expert analysis and discuss the OECD's sobering economic outlook for the coming years. Join us for a comprehensive look at the current state of the global economy and what it means for the future.Sources:https://www.bls.gov/news.release/archives/empsit_06062025.htmhttps://www.forex.com/en-us/news-and-analysis/us-non-farm-payrolls-nfp-report-preview-may-2025/https://www.bls.gov/news.release/empsit.nr0.htmhttps://www.morningstar.com/economy/may-us-jobs-report-139000-rise-payrollshttps://www.fxstreet.com/news/nonfarm-payrolls-set-to-show-us-labor-market-weakened-in-may-as-tariff-policy-weighs-202506060500https://www.fxstreet.com/news/nonfarm-payrolls-set-to-show-us-labor-market-weakened-in-may-as-tariff-policy-weighs-202506060500https://www.morningstar.com/markets/forecasts-may-jobs-report-show-employers-cautious-tariff-impact-yet-be-felthttps://www.forex.com/en-us/news-and-analysis/us-non-farm-payrolls-nfp-report-preview-may-2025/https://www.bls.gov/news.release/archives/empsit_06062025.htmhttps://www.bls.gov/news.release/empsit.nr0.htmhttps://www.oecd.org/en/publications/oecd-economic-outlook-volume-2025-issue-1_83363382-en.htmlhttps://www.oecd.org/content/dam/oecd/en/publications/reports/2025/06/oecd-economic-outlook-volume-2025-issue-1_1fd979a8/83363382-en.pdfhttps://www.statista.com/chart/34558/global-gdp-growth-projections/https://www.oecd.org/en/publications/2025/06/oecd-economic-outlook-volume-2025-issue-1_1fd979a8/full-report/general-assessment-of-the-macroeconomic-situation_3e68d1e3.htmlhttps://www.foxbusiness.com/economy/us-economic-growth-forecast-cut-sharply-oecd-due-higher-tariffshttps://www.oecd.org/en/data/insights/statistical-releases/2025/06/consumer-prices-oecd-updated-5-june-2025.htmlhttps://democrats.org/news/icymi-trumps-disastrous-economy-is-only-going-to-get-worse/https://www.euronews.com/business/2025/06/03/oecd-outlook-can-the-global-economy-survive-trade-pressures-in-2025https://www.oecd.org/en/about/news/press-releases/2025/06/global-economic-outlook-shifts-as-trade-policy-uncertainty-weakens-growth.htmlhttps://tradingeconomics.com/country-list/inflation-rate?continent=g20.
Simply Economics
Every day, a team of AIs deliver simple, straightfoward news from the world of economics.