New York Post
05 Jun 2026, 13:18 UTC · 2h ago
More jobs added in May than expected giving Fed another reason to pause cutting interest rates
New York Post
05 Jun 2026, 13:18 UTC · 2h ago
Story key points
4 claims · impact-rated
US employers added 172,000 jobs in May, significantly exceeding the expected 80,000. — Stronger-than-expected payroll data provides the Federal Reserve with justification to keep interest rates higher for longer to combat inflation.
-0.60March and April hiring figures were revised higher by a combined 93,000 jobs. — Upward revisions indicate a fundamentally stronger labor market trend, further reducing the urgency for rate cuts.
-0.40The unemployment rate remained steady at 4.3%. — A stable unemployment rate suggests the economy is not cooling rapidly, supporting a restrictive monetary policy stance.
-0.20Average hourly earnings rose 0.3% in May and 3.4% year-over-year, matching expectations. — Since the data met economist expectations exactly, it is unlikely to cause a fresh market reaction.
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