US added 172,000 jobs in May as unemployment held at 4.3%
Why it matters: stronger hiring and upward revisions for March and April reduce pressure on the Fed to cut rates soon.
NPR, Bloomberg +2
Series
United States · May 2026 Jobs Report
Strong US jobs data push Fed rate cuts further out of reach
What's new: Traders sharply reduced odds of a June cut and priced in roughly a 70% chance of a hike by late 2026.
US adds 172,000 jobs in May, pushing Fed rate cuts further back
What's new: Traders cut the odds of a June rate reduction and raised the chance of a rate hike by the end of 2026.
Bloomberg
US added 172,000 jobs in May as unemployment held at 4.3%
What's new: Revisions added 93,000 jobs to March and April totals, pointing to a firmer hiring rebound than previously estimated.
PBS NewsHour, The New York Times