Economy beats expectations in May as inflation remains high

Published



The economy beat expectations and added 390,000 jobs last month, an encouraging sign of the labor market’s resiliency as the Federal Reserve raises interest rates.

The reading follows several months of strong job gains, which is positive economic news that President Joe Biden has touted even as painful inflation eats into the paychecks of people across the country.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.