US EditionU.S. payrolls increased 139,000 in May, more than expected; unemployment at 4.2%
- In May, U.S. Nonfarm payrolls expanded by 139,000 jobs, surpassing expectations, while the unemployment rate remained unchanged at 4.2%.
- This growth followed a downward revision of April payrolls to 147,000 amid ongoing uncertainty from tariffs and a cautious economic outlook.
- Health care contributed 62,000 jobs, leisure and hospitality added 48,000, social assistance 16,000, while government employment decreased by 22,000 due to federal workforce reductions.
- Average hourly earnings rose 0.4% in May, surpassing the 0.3% forecast, and were up 3.9% year-over-year, signaling stronger-than-expected wage growth.
- Despite tariff pressures and slower hiring, businesses plan to retain workers, suggesting only a modest jobs market weakening and less urgency for Federal Reserve rate cuts.
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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