The number of new jobs in the United States in May exceeded expectations, and the Federal Reserve may need to maintain interest rates for a longer pe

The growth rate of employment in the United States in May exceeded expectations, which may lead the Federal Reserve to start cutting interest rates as early as September. In addition, the unemployment rate rose from 3.9% in April to 4.0%, breaking the record of staying below 4% for 27 consecutive months. Despite the recent softening of the job market in recent months, its still solid performance allows the Federal Reserve to be relaxed in deciding when to start lowering borrowing costs. It is expected that the Federal Reserve will maintain the basic interest rate next week, but there are other signs recently that the job market may be starting to relax more steadily.