Hiring remained relatively stable in May, even as businesses and consumers navigated economic uncertainty tied to tariffs and a potential slowdown, according to the Bureau of Labor Statistics.
Nonfarm payrolls rose by 139,000 for the month, outperforming the Dow Jones forecast of 125,000 but falling slightly below April’s revised gain of 147,000.
The unemployment rate held steady at 4.2%, while the broader underemployment rate—which includes discouraged workers and those working part-time for economic reasons—remained unchanged at 7.8%.
Wages continued to show strength, with average hourly earnings rising 0.4% in May and 3.9% year-over-year, both above expectations of 0.3% monthly and 3.7% annual growth.
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