Why hiring surged in May despite economic strain from the Iran war

There was surprising strength in the latest U.S. jobs report. Employers added 172,000 jobs in May, the third straight month of job gains. Overall, the labor market appears strong despite concerns about the Iran war, rising prices and artificial intelligence. Amna Nawaz speaks with Diane Swonk, chief economist at KPMG, a multinational accounting and advisory firm, for more analysis. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy