The United States added 172,000 jobs in May, more than double the expected figure of 85,000. The unemployment rate rose to 4.3 percent.
The latest employment report showed stronger-than-expected hiring last month. Job gains for the prior two months were also revised higher, including an upward adjustment for April. The unemployment rate reached 4.3 percent, slightly above the 12-month moving average of 4.33 percent. The share of workers unemployed for 27 weeks or longer climbed to 1.2 percent, the highest level recorded since December 2021. These figures reflect data released on June 5 and cover employment trends through the end of May.
