US adds 272,000 jobs as labor market holds unexpectedly strong
The US added 272,000 jobs in May, significantly exceeding economist expectations, though the unemployment rate rose to 4%, marking the first increase since January 2022.
The US added 272,000 jobs in May, significantly exceeding economist expectations, though the unemployment rate rose to 4%, marking the first increase since January 2022.
The US economy added 227,000 jobs in November, with healthcare and leisure sectors leading gains. The unemployment rate rose to 4.2% as the Federal Reserve prepares for another interest rate cut.
US employers added 143,000 jobs in January as the labor market continued steady growth during the presidential transition, with unemployment holding at 4%.
US employers added 50,000 jobs in December, capping the weakest year of job growth since the pandemic, though the unemployment rate fell to 4.4% from 4.6% in November.
Former labor statistics leaders and economic groups criticized Trump’s firing of BLS commissioner Erika McEntarfer, saying the dismissal undermines the credibility of federal economic statistics and lacks legal justification.
US employers added 178,000 jobs in March, surpassing expectations, while unemployment fell to 4.3%. However, February’s revised job losses of 133,000 were steeper than initially reported.