Morningstar

May US Jobs Report: 172,000 Rise in Payrolls, Much Stronger Than Expected

The unemployment rate held steady at 4.3%.

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The US economy added 172,000 jobs in May, according to the latest report from the Bureau of Labor Statistics. The unemployment rate held steady at 4.3% from April.

Nonfarm payroll employment had been forecast to show an increase of 105,000, down from an increase of 115,000 initially reported in April, according to FactSet. That April gain has since been revised up to 179,000. Meanwhile, the unemployment rate had been forecast to remain steady at 4.3%.

May Jobs Report Key Stats

  • Total nonfarm payrolls rose by 172,000 after rising by 179,000 in April.
  • The unemployment rate held steady at 4.3% in May from April.
  • In May, average hourly wages rose by 12 cents, or 0.3%, to $37.53.

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