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U.S. Added 272K Jobs in May, Blowing Past Estimates; Bitcoin Pulls Back From 2-Month High

Recent soft economic and inflation data combined with rate cuts this week in Europe and Canada had investors rethinking expectations about Fed policy.

By Stephen Alpher

Updated Jun 7, 2024, 6:23 p.m. Published Jun 7, 2024, 12:37 p.m.

The government employment report for May was released Friday morning (David McNew/Getty Images)