May jobs surge beats expectations as unemployment holds at 4.3%
TL;DR
The U.S. added 172,000 jobs in May, far above economists’ forecasts of roughly 80,000, with the unemployment rate unchanged at 4.3%, signaling a resilient labor market amid inflationary pressures. The stronger-than-expected payrolls come after a patch of job losses last fall and winter, suggesting momentum for the economy, though policymakers caution that inflation and higher energy costs could weigh on consumer spending and hiring going forward.
- U.S. employers added 172,000 jobs in May, an unexpectedly strong showing The Washington Post
- The labor market’s next chapter is taking shape. Here’s what to watch for in Friday’s jobs report CNN
- Why hiring surged in May despite economic strain from the Iran war PBS
- The U.S. adds 172,000 jobs. Many are in restaurants, bars and hotels NPR
- How hot is America’s labour market? The Economist
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