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.
Bloomberg, NPR +2
#Federal Reserve
5 stories on this subject
Earlier: US adds 172,000 jobs in May, pushing Fed rate cuts further backSeries: United States · May 2026 Jobs Report · 5 chapters since Jun 5
Tech rout, Bitcoin slide test demand ahead of SpaceX IPO
Why it matters: A 5% Nasdaq 100 drop and Bitcoin falling below $60,000 could drain retail cash from what may be a record IPO.
Bloomberg, The Business Times (Singapore)
S&P 500, Nasdaq open lower as strong US jobs data dents chip stocks
Why it matters: firmer hiring lifted expectations for tighter Fed policy, while the Dow Jones Industrial Average still edged up 0.09%.
Asian authorities move to defend currencies as dollar pressure mounts
Why it matters: The won and rupiah led regional losses as officials in South Korea, Indonesia, Japan, India and the Philippines stepped up defenses.
Bloomberg, The Business Times (Singapore)
US May payrolls seen slowing to 80,000 as layoffs pick up
Why it matters: A weak reading could sharpen bets on Fed rate cuts as economists see unemployment holding at 4.3%.
Bloomberg, CNBC