U.S. adds 172,000 jobs in May; unemployment rate holds at 4.3%
The Bureau of Labor Statistics reported nonfarm payrolls increased by 172,000 in May, well above the 80,000 economists had expected. March and April payrolls were revised higher, lifting the three-month average to 188,000. The unemployment rate held at 4.3 percent while labor force participation remained 61.8 percent and average hourly earnings rose 0.3 percent for the month and 3.4 percent year over year. Stronger-than-expected hiring alongside steady unemployment signals labor-market resilience and may sustain upward pressure on interest rates.
MASSIVE beat. NFP +172k vs +88k exp/+115k prev Pvt payrolls +120k vs +89k exp/+123k prev Unemployment rate 4.3% vs 4.3% exp/4.3% prev Avg hourly earnings +0.3% vs +0.3% MoM est/+0.2% prev
Significant upward revisions too with the last two months +93k net. Manufacturing payrolls also +7k. We inflectin' bb
Here comes your rate hike.
me as a CPS survey household
surveys were right i guess!
time to cut interest rates!!
Undeniable now that uncertainty is great for jobs because it makes everyone grind harder
Breaking News: The U.S. added 172,000 jobs in May and the unemployment rate stayed at 4.3%, a strong showing for the labor market.
People adding and working a second and third job is NOT a great thing....and we'll wait for the corrections to the govt's "number"...like every month
They are not a reliable source, you know that right?
Really? Hasn’t every recent report later been revised down?
Rewind to 2022 and 172,000 jobs added would immediately cause the Epstein class media to start dooming and wish-casting for a recession.
I don’t believe a word of this