US adds 272,000 jobs as labor market holds unexpectedly strong
The US economy added 272,000 jobs in May, significantly exceeding economist expectations, though unemployment rose to 4% for the first time since January 2022.
The US economy added 272,000 jobs in May, significantly exceeding economist expectations, though unemployment rose to 4% for the first time since January 2022.
US employers added 50,000 jobs in December, capping the weakest year of job growth since the pandemic, with the unemployment rate falling to 4.4%.
US employers added 178,000 jobs in March, exceeding forecasts of 70,000, while the unemployment rate fell to 4.3%. February job losses were revised downward to 133,000 positions.
The US labor market added 227,000 jobs in November, driven primarily by healthcare and leisure hospitality gains, while the unemployment rate rose to 4.2% from 4.1% in October.
The US added 143,000 jobs in January as the labor market moderated during the Biden-Trump transition, with the unemployment rate holding steady at 4%.
Former labor statistics leaders and economic groups have criticized Trump’s firing of BLS commissioner Erika McEntarfer, calling it a threat to the agency’s nonpartisan credibility and data integrity.