ReferIndia News US Job Market Defies Slowdown: May Sees 172,000 New Jobs

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US Job Market Defies Slowdown: May Sees 172,000 New Jobs

Published on: June 5, 2026, 7:38 p.m. | Source: Devdiscourse

The US economy showcased its resilience with 172,000 new jobs in May, while unemployment stayed steady at 4.3%. Major gains were seen in leisure, hospitality, and health care sectors, but financial activities faced declines. Long-term unemployment showed an upward trend, and wage growth remained moderate.

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