U.S. job growth picks up; wages increase solidly

U.S. employers boosted hiring in May and raised wages as they competed for workers, with millions of unemployed Americans at home likely because of childcare issues and generous unemployment checks. The Labor Department's closely watched employment report on Friday offered some assurance that the economic recovery from the pandemic recession was on track after worker shortages also blamed on lingering fears over COVID-19 sharply restrained employment growth in April.
Read more: https://www.reuters.com/business/us-job-growth-picks-up-may-unemployment-rate-falls-58-2021-06-04/?source=Snapzu