Jobs Growth Remains Robust, Though Some Slowing Is Evident; Foodservice Adds 46,100 Jobs

The US economy continued to generate new jobs in May, with 390,000 net new nonfarm payroll jobs added, according to the latest data from the Bureau of Labor Statistics. Leisure and hospitality wages for non-supervisory employees rose another 0.9% month-over-month and such average hourly wages remain 11.8% higher than a year ago. Food services and…