272,000 jobs were added to the U.S. economy in May, despite high interest rates

Consumer spending, the economy’s principal fuel, is only possible with a strong job market. America’s employers added a vigorous 272,000 jobs in May, accelerating from April and a sign that companies are still confident enough in the economy to keep hiring despite persistently high interest rates.Last month’s strong job growth reflected the durability of America’s consumer-driven economy. With the nation’s households continuing their steady spending, many employers have had to keep...