Instant Reaction: US Adds 172,000 Jobs, Boosting Bets on Fed Rate Hike by Year-End

US job growth topped all forecasts in May and the unemployment rate held steady, offering the clearest sign yet that the labor market may be breaking out of a prolonged period of lackluster hiring. Nonfarm payrolls increased 172,000 last month after upward revisions to the prior two months, according to Bureau of Labor Statistics data out Friday. That marked the strongest three-month advance in more than two years. The unemployment rate was unchanged at 4.3%, and average hourly earnings rose 0.3%. Bloomberg's Tom Keene and Paul Sweeney break down the numbers with: Claudia Sahm, Chief Economist at New Century Advisors Kevin Gordon, Head of Macro Research and Strategy for the Schwab Center for Financial Research at Charles Schwab Kristina Campmany, Senior Portfolio Manager at Invesco

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Instant Reaction: US Adds 172,000 Jobs, Boosting Bets on Fed Rate Hike by Year-End is an episode from Bloomberg Surveillance by Bloomberg.

This episode is 19:29 long.

This episode was published on Jun 5, 2026.

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