U.S. job market is strong, but many Americans still frustrated by prospects and rising prices
Summary
The U.S. job market added 172,000 jobs in May, beating expectations, and the unemployment rate stayed low at 4.3%. Job growth has picked up after a slow 2025, showing strength despite higher energy prices linked to the conflict with Iran.Key Facts
- Employers added 172,000 jobs in May, about twice what was expected.
- The unemployment rate remained steady at 4.3%.
- Job growth in May was slightly lower than April’s revised total of 179,000.
- Local governments hired 55,000 workers; restaurants and bars added 48,000 jobs; healthcare added 35,000.
- Revisions for March and April added 93,000 more jobs than initially reported.
- Average monthly job growth from March to May was 188,000, the best since early 2024.
- Rising energy costs linked to U.S. and Israeli attacks on Iran are a concern for many Americans.
- Despite strong job numbers, many Americans remain worried about the economy ahead of midterm elections.
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