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.
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Why it matters: stronger hiring and upward revisions for March and April reduce pressure on the Fed to cut rates soon.
What's next: Friday's May jobs report is expected to show 100,000 new jobs, with unemployment holding at 4.3%.
Why it matters: A weak reading could sharpen bets on Fed rate cuts as economists see unemployment holding at 4.3%.