The U.S. labor market remained resilient in May, with payrolls rising by 172,000 and unemployment steady at 4.3%, according to the Labor Department. Revisions also lifted March and April gains, extending a run of solid hiring to three straight months.
The U.S. labor market delivered another solid month of hiring in May, with employers adding 172,000 jobs and the unemployment rate holding at 4.3%, according to the Bureau of Labor Statistics.
The report, released Friday morning, marked a third straight month of steady payroll growth and suggested the job market remains resilient even as Americans continue to feel pressure from prices and uncertain economic conditions.
Revisions to prior months added to the picture of stability. The Labor Department said March payroll gains were revised up to 214,000 and April gains were revised to 179,000, lifting the pace of hiring across the spring.
The figures are the latest official snapshot of the U.S. labor market and were reported the same day by major outlets including Reuters, AP, Axios and The Washington Post.
The unemployment rate staying unchanged at 4.3% indicates the labor market is still holding up, even if the pace of hiring is not especially rapid. Further market reaction and commentary from policymakers may develop later in the day.
Revision note
Initial automated publication.