US EditionU.S. payrolls increased 139,000 in May, more than expected; unemployment at 4.2%
- The U.S. Economy added 139,000 nonfarm payroll jobs in May, with the unemployment rate steady at 4.2%.
- This hiring followed a downward revision of April’s job gains to 147,000 and occurred amid tariff-driven uncertainty and cautious business sentiment.
- Health care contributed 62,000 jobs, leisure and hospitality added 48,000, while government employment dropped by 22,000.
- Average hourly earnings rose 0.4% in May and 3.9% year-over-year, exceeding forecasts and reflecting solid wage growth in the labor market.
- Despite economic headwinds and slower job growth, businesses plan to retain workers, suggesting only modest labor market weakening and reduced need for Fed intervention.
53 Articles
53 Articles
May Job Report Shows 'Strong' Economy, Analysts Say - The Pennsylvania Daily Star
U.S. job growth in May was slightly higher than expected, according to data from the Bureau of Labor Statistics (BLS) released on Friday. The U.S. economy added 139,000 nonfarm payroll jobs in May, slightly above economists’ expectations, the BLS reported. Meanwhile, the unemployment rate remained unchanged at 4.2% in May, according to the BLS. The post May Job Report Shows ‘Strong’ Economy, Analysts Say appeared first on The Pennsylvania Daily …
New Data Show Trump Tariffs Are Ruining Job Market
Unemployment claims have risen for the second-straight week, exceeding economists' expectations at the highest level in eight months, the Department of Labor announced on Thursday.Initial jobless claims stood at 247,000 for the week ending on May 31, higher than the 236,000 claims that economists had been projecting. That jump caused the four-week moving average to increase by 4,500."New jobless claims are ticking up. The numbers are still low, …
Daily Journal
US job market cools but resilient for now despite Trump tariffs
US hiring eased in May but remained resilient, government data showed Friday, in a gradual slowdown amid business uncertainty while scrutiny intensifies over the effects of President Donald Trump's widespread tariffs.
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