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

U.S. hiring surged in May because domestic corporate profits remained highly resilient, cushioned by tax cuts, supply-side economic measures, and a localized boom in specific domestic service and energy sectors. While the war with Iran heavily disrupted global oil networks and fueled domestic inflation, the American labor market added a surprising 172,000 jobs—shattering consensus forecasts of around 80,000.Become a supporter of this podcast: https://www.spreaker.com/podcast/today-explained--6659607/support.Don’t miss our latest episodes! follow us to stay updates with fresh news everyday. Let’s keep the support our podcast to serve update news entire the world!