US Labor Market Stays Hot as Economy Adds 172,000 New Jobs in May

The unemployment rate was unchanged at 4.3 percent.

A hiring announcement on a door at a restaurant in Vineland, N.J., on June 4, 2024. Madalina Vasiliu/The Epoch Times

The U.S. labor market remained hot in May as the hiring momentum continued heading into the summer, new government data released on June 5 show.

The economy added 172,000 new jobs last month, from the upwardly revised 179,000 positions in April, according to the Bureau of Labor Statistics.