U.S. Job Market Shows Strength: May Employment Figures Exceed Expectations

The U.S. labor market has shown continued strength in May, according to Odaily. The report shows a robust 177,000 job additions in non-farm employment, surpassing economists’ expectations of 130,000. This increase is marked by an upward revision from the previous month’s figure of 228,000 to 185,000 jobs added. Furthermore, the unemployment rate remained steady at a healthy 4.20%, aligning with projections and mirroring the previous month’s level.