{"id":1077,"date":"2026-06-05T13:10:20","date_gmt":"2026-06-05T13:10:20","guid":{"rendered":"https:\/\/reliablemovingcrews.com\/?p=1077"},"modified":"2026-06-05T13:10:20","modified_gmt":"2026-06-05T13:10:20","slug":"us-posts-another-month-of-strong-job-gains-in-may-unemployment-rate-steady-at-4-3","status":"publish","type":"post","link":"https:\/\/reliablemovingcrews.com\/?p=1077","title":{"rendered":"US posts another month of strong job gains in May; unemployment rate steady at 4.3%"},"content":{"rendered":"<div>\n<div>\n<div>\n<ul>\n<li>Summary<\/li>\n<\/ul>\n<\/div>\n<div><\/div>\n<\/div>\n<div>WASHINGTON, June 5 (Reuters) &#8211; The \u200cU.S. economy posted another month of strong employment gains in May, confirming that the labor market was gaining traction after stumbling last year, and potentially giving the Federal Reserve more room to keep interest rates unchanged amid \u200brising inflation stemming from the war with Iran.<\/div>\n<div>Nonfarm payrolls increased by 172,000 jobs last \u200bmonth after rising by an upwardly revised 179,000 in April, the Labor Department&#8217;s \u2060Bureau of Labor Statistics said in its closely watched employment report on Friday. Economists polled by \u200bReuters had forecast payrolls increasing by 85,000 jobs after a previously reported 115,000 rise in April.<\/div>\n<div>Estimates \u200bfor job growth ranged from 50,000 to 125,000. The increase added to gains notched in the prior two months.<\/div>\n<div>Economists estimated the economy needs to create between zero and 50,000 jobs per month to keep up with growth in \u200bthe working-age population. The so-called break even rate has dropped because of an immigration crackdown that \u200bhas reduced the labor force, limiting the rise in the unemployment rate.<\/div>\n<div>The jobless rate remained at 4.3% for a third \u200cstraight \u2060month. The improvement in payrolls mostly reflects low layoffs. Businesses have been cautious about boosting hiring as they deal with uncertainty, first from President Donald Trump&#8217;s sweeping tariffs last year and now the U.S.-Israeli war with Iran.<\/div>\n<div>There are so far no indications that the Middle East conflict, which has unleashed \u200ba surge in oil \u200bprices and other products \u2060shipped through the Strait of Hormuz, is having a material impact on the jobs market.<\/div>\n<div>Fiscal stimulus, in the form of tax and tariff refunds, \u200bhas bolstered corporate profits and allowed businesses to refrain from large-scale firings, \u200beconomists said.<\/div>\n<div>The U.S. \u2060Supreme Court in February struck down the tariffs, and some businesses have filed for refunds. Corporate profits increased by $40.4 billion in the first quarter and have been rising since the second quarter of 2025.<\/div>\n<div>Despite \u2060the \u200bstrength in payrolls, the labor market remains in what economists \u200bhave termed a &#8220;slow-hire, slow-fire&#8221; equilibrium. Financial markets expect the U.S. central bank to leave its benchmark overnight interest rate in \u200bthe 3.50% to 3.75% range into 2027.<\/div>\n<\/div>\n<p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=1075\">US Supreme Court backs federal regulators in wins for FCC and SEC<\/a><\/p>\n<p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=1073\">US Senate blocks debate on FISA surveillance law days before program \u2018goes dark\u2019<\/a><\/p>\n<p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=1071\">Drone crashes and severed fingers at a $13 billion Silicon Valley military startup<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The \u200cU.S. economy posted another month of strong employment gains in May, confirming that the labor market was gaining traction after stumbling last year, and potentially giving the Federal Reserve more room to keep interest rates unchanged amid \u200brising inflation stemming from the war with Iran.<\/p>\n","protected":false},"author":1,"featured_media":1076,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[101],"class_list":["post-1077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-world-at-work"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>US posts another month of strong job gains in May; 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