2026-06-06
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Another month of strong jobs growth is making it more likely that the Fed will raise interest rates, not cut them.
Plus, the Nasdaq had its worst day of 2026, falling more than 4% on worries about inflation and AI demand.
And $264 for a fish dinner?
Public official spending is making taxpayers furious.
There was beer can coolers in Daytona Beach.
Costco groceries in Connecticut.
And there's another community in North Carolina where somebody bought ammunition with their town credit card.
It's Friday, June 5th.
I'm Alex Ossola for The Wall Street Journal.
This is the PM edition of What's News, the top headlines and business stories that move the world today.
The jobs market had another strong showing in May.
A report out today from the Labor Department
says that the U.S. added 172,000 jobs last month, blowing past analyst expectations.
Meanwhile, the unemployment rate held steady at 4.3 percent.