Something doesn't add up here:
All of the headlines say that the US economy added 272,000 jobs in May.
However, when you dig deeper into the data you can see that full-time employment actually FELL by -625,000.
Meanwhile, part-time employment rose by 286,000 along with the unemployment rate to 4.0%.
This is the biggest drop in full-time employment since December 2023.
It's also the first month with 4.0%+ unemployment since February 2022.