US employment increases in May, with job growth coming in above expectations, according to US government data reported by multiple outlets. The US Bureau of Labor Statistics (BLS) says total nonfarm payroll employment rises by 172,000 in May. The unemployment rate remains unchanged at 4.3%. One report also notes that economists polled by Dow Jones Newswires and the Wall Street Journal expected fewer jobs to be added, with forecasts of about 80,000 job gains, indicating the monthly increase exceeds market expectations. Together, the coverage depicts a labour market that continues to show gains, even as the headline unemployment rate stays steady. The reported figures are based on BLS data released on Friday, and the comparison to economist forecasts highlights that the May outcome is stronger than anticipated. No additional details beyond the job gain and unemployment rate are included in the provided summaries.
US job growth rises in May as unemployment holds at 4.3%
US employment increases in May, with job growth coming in above expectations, according to US government data reported by multiple outlets. The US Bureau of Labor Statistics (BLS) says total nonfarm p...
- US nonfarm payroll employment increases by 172,000 in May, according to the BLS.
- The US unemployment rate is unchanged at 4.3%.
- The May job growth figure exceeds economists’ expectations cited by one report.
- Both outlets attribute the figures to US Bureau of Labor Statistics data released on Friday.
The US Bureau of Labor Statistics said the unemployment rate was unchanged at 4.3%.
2 months agoUS employment growth surged in May, beating market expectations, while the unemployment rate remained steady, government data showed on Friday, with the labour market in the world’s largest economy sustaining recent gains. “Total nonfarm payroll employment increased by 172,000 in May, and the unemployment rate was unchanged at 4.3 per cent,” the US Bureau of Labor Statistics said. Economists polled by Dow Jones Newswires and the Wall Street Journal had expected job growth of 80,000...
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