Guardian

US added 172,000 jobs in May as labor market shows signs of resilience

U.S. added 172,000 jobs in May, even as inflation squeezed consumers

Financial Times

US economy blew past expectations to add 172,000 jobs in May

The Wall Street Journal

Jobs in Hospitality and Healthcare Propelled Hiring in May

Bureau of Labor Statistics

Employment Situation Summary

EricLDaugh

SBA_Kelly

MS Now

Job market finally shows signs of life, adds 172,000 jobs in May

United States Senate Committee on Banking, Housing, and Urban Affairs

Senator Warren Statement on May 2026 Jobs Report

CONSUMER PRICE INDEX – APRIL 2026

US job creation smashes forecasts in May, fuelling rate hike bets; ‘no jet fuel shortage in Europe’ – as it happened

Metaculus

US unemployment rate 10% before 2031?

CNBC

U.S. payrolls rose by 172,000 in May, much more than expected; unemployment at 4.3%

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"Our base case is no recession for 2026."

"Kalshi places the odds of a recession in 2026 at 25%."

"There is a 27% chance that the US will face a recession by the end of 2026."

"Because of those policy changes and tailwinds, we have reduced our probability of a recession over the next 12 months to 30% from our previous estimate of 40%."

"Looking at the economy, J.P. Morgan Global Research forecasts a 35% probability of a U.S. and global recession in 2026, and sticky inflation will likely remain a prevailing theme."

"Moody’s Analytics model forecasts a 49% chance of a US recession in the next 12 months, the closest probability in years."

"Against this backdrop, we now place the probability of recession at 40%, but stress that those odds could rapidly rise in the event of a more prolonged or severe Middle East conflict."

“There’s real risk of recession [in 2026]."

“If oil prices remain elevated for much longer (weeks and not months), a recession will be difficult to avoid.”

“People are preparing themselves for the fact that we are already in a recession now or that there is a high likelihood we will soon be in one.”

Will the US Economy Enter a Recession in 2026?

The U.S. economy added 172,000 jobs in May, more than double the 85,000 originally forecast by economists, according to the jobs report published by the U.S. Bureau of Labor Statistics (BLS) on Friday.

The U.S. economy added 172,000 jobs in May, more than double the 85,000 originally forecast by economists, according to the jobs report published by the U.S. Bureau of Labor Statistics (BLS) on Friday.

Leisure and hospitality led the gains, which added 70,000 jobs — well above the sector's monthly average of +14,000 over the prior 12 months — followed by health care and local government, which posted increases of 35,000 and 55,000, respectively.

Leisure and hospitality led the gains, which added 70,000 jobs — well above the sector's monthly average of +14,000 over the prior 12 months — followed by health care and local government, which posted increases of 35,000 and 55,000, respectively.

In addition, the BLS revised the hiring figures for the two preceding months upwards by a combined 93,000, bringing their respective job totals from +185,000 to +214,000 for March and from +115,000 to +179,000 for April.

In addition, the BLS revised the hiring figures for the two preceding months upwards by a combined 93,000, bringing their respective job totals from +185,000 to +214,000 for March and from +115,000 to +179,000 for April.

Despite these increases, the overall unemployment rate held steady at 4.3%, remaining within the same narrow range since July 2025, with 7.3 million people unemployed. The labor force participation rate likewise remained stable, at 61.8%.

Despite these increases, the overall unemployment rate held steady at 4.3%, remaining within the same narrow range since July 2025, with 7.3 million people unemployed. The labor force participation rate likewise remained stable, at 61.8%.

The figures come as the BLS reported continued job losses in financial activities, down 22,000 in May, and by 107,000 since its last peak in May 2025. While transportation and warehousing posted modest gains (+1000), it remains down 92,000 jobs since February 2025.

The figures come as the BLS reported continued job losses in financial activities, down 22,000 in May, and by 107,000 since its last peak in May 2025. While transportation and warehousing posted modest gains (+1000), it remains down 92,000 jobs since February 2025.

The report also revealed that average hourly earnings rose 3.4% year-over-year in May, the lowest rate since 2021, leaving wage growth below April's inflation reading of 3.8%, its highest level in three years.

The report also revealed that average hourly earnings rose 3.4% year-over-year in May, the lowest rate since 2021, leaving wage growth below April's inflation reading of 3.8%, its highest level in three years.

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The U.S. economy added 172,000 jobs in May, more than double the 85,000 forecast by economists, while the unemployment rate held steady at 4.3%. Hiring figures for March and April were also revised up by a combined 93,000.

The U.S. economy added 172,000 jobs in May, more than double the 85,000 forecast by economists, while the unemployment rate held steady at 4.3%. Hiring figures for March and April were also revised up by a combined 93,000.

Job gains in May were led by leisure and hospitality, which added 70,000 jobs — well above the sector's average monthly gain of 14,000 over the prior 12 months. Health care and local government also posted sharp increases.

Job gains in May were led by leisure and hospitality, which added 70,000 jobs — well above the sector's average monthly gain of 14,000 over the prior 12 months. Health care and local government also posted sharp increases.

Average hourly earnings rose 3.4% year-over-year in May, the lowest rate since 2021, leaving wage growth below the April inflation reading of 3.8%, which was its highest level in three years.

Average hourly earnings rose 3.4% year-over-year in May, the lowest rate since 2021, leaving wage growth below the April inflation reading of 3.8%, which was its highest level in three years.

The May jobs report was the first released under Federal Reserve Chair Kevin Warsh, appointed by President Trump in January. Economists widely expect the Fed to hold rates steady at its June 16-17 meeting, though traders priced in a more than 60% chance of a rate hike by October.

The May jobs report was the first released under Federal Reserve Chair Kevin Warsh, appointed by President Trump in January. Economists widely expect the Fed to hold rates steady at its June 16-17 meeting, though traders priced in a more than 60% chance of a rate hike by October.

In March, total nonfarm payroll employment rose by 178,000, following a revised decline of 133,000 in February. Job gains occurred in health care, construction and transportation and warehousing, while federal government employment fell by 18,000.

In March, total nonfarm payroll employment rose by 178,000, following a revised decline of 133,000 in February. Job gains occurred in health care, construction and transportation and warehousing, while federal government employment fell by 18,000.

Federal government employment has declined by 355,000, or 11.8%, since reaching a peak in October 2024. The transportation and warehousing sector is also down 139,000 jobs since its peak in February 2025.

Federal government employment has declined by 355,000, or 11.8%, since reaching a peak in October 2024. The transportation and warehousing sector is also down 139,000 jobs since its peak in February 2025.

The May jobs report is a massive win — 172,000 jobs added, more than doubling forecasts, with March and April revised sharply upward. That's 565,000 jobs in just three months, and nearly all of it driven by small businesses. Working Family Tax Cuts are delivering exactly what was promised: real growth for local job creators and hardworking Americans.

The May jobs report is a massive win — 172,000 jobs added, more than doubling forecasts, with March and April revised sharply upward. That's 565,000 jobs in just three months, and nearly all of it driven by small businesses. Working Family Tax Cuts are delivering exactly what was promised: real growth for local job creators and hardworking Americans.

Eric Daugherty

Kelly Loeffler

May's 172,000 jobs sound great until you zoom out — the U.S. has added just 685,000 jobs across 17 months of Trump's second term, compared to nearly 2.3 million over the prior 17 months. Wage growth still isn't keeping up with inflation, and reckless tariffs keep squeezing family budgets. One solid month doesn't erase a deeply underperforming economic record.

May's 172,000 jobs sound great until you zoom out — the U.S. has added just 685,000 jobs across 17 months of Trump's second term, compared to nearly 2.3 million over the prior 17 months. Wage growth still isn't keeping up with inflation, and reckless tariffs keep squeezing family budgets. One solid month doesn't erase a deeply underperforming economic record.

U.S. Adds 172K Jobs in May, Doubling Forecasts

United States of America

Politics

Unemployment

The May jobs report is a massive win for the U.S. economy, with 172,000 jobs added, more than doubling forecasts, and March and April revised sharply upwards. That's 565,000 jobs in just three months, nearly all driven by small businesses, a fact that shows the Trump administration's policies are working as promised, delivering real growth for hardworking Americans.

The May jobs report is a massive win for the U.S. economy, with 172,000 jobs added, more than doubling forecasts, and March and April revised sharply upwards. That's 565,000 jobs in just three months, nearly all driven by small businesses, a fact that shows the Trump administration's policies are working as promised, delivering real growth for hardworking Americans.

On the surface, May's jobs report may look great, until you consider the fact that the U.S. has added just 685,000 jobs in the 17 months since Trump took office, compared to the 2.3 million over the 17 months before. This terrible situation for U.S. workers is only compounded by lacklustre wage growth, leaving them ever more squeezed by Trump's rampant inflation.

On the surface, May's jobs report may look great, until you consider the fact that the U.S. has added just 685,000 jobs in the 17 months since Trump took office, compared to the 2.3 million over the 17 months before. This terrible situation for U.S. workers is only compounded by lacklustre wage growth, leaving them ever more squeezed by Trump's rampant inflation.

There is a 50% chance that the U.S. unemployment rate will reach 10% before 2031, according to the Metaculus prediction community.

There is a 50% chance that the U.S. unemployment rate will reach 10% before 2031, according to the Metaculus prediction community.

US Adds 172K Jobs in May, Doubling Forecasts

U.S.US Adds 172K Jobs in May, Doubling Forecasts

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US Adds 172K Jobs in May, Doubling Forecasts

U.S.US Adds 172K Jobs in May, Doubling Forecasts

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