The US economy added 172,000 jobs in May, blowing past expectations, according to the government’s closely watched jobs report. The unemployment rate remained flat at 4.3%.
Economists surveyed by Bloomberg had anticipated payroll growth of 88,000 for the month.
April’s jobs report — which itself was a massive beat — was also revised to show an even better 179,000 jobs gained, compared to the 115,000 reported earlier. March’s payroll growth was also updated to show 214,000, bringing the first monthly gain above 200,000 since early 2024.
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