U.S. employers added 172,000 jobs in May, marking the third consecutive month of employment growth. The unemployment rate remained unchanged at 4.3%. Notably, the hospitality sector, including restaurants, bars, and hotels, contributed significantly to this increase, adding 48,000 jobs. However, wage growth has slowed and may not be keeping up with inflation.
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U.S. Adds 172,000 Jobs in May, Primarily in Hospitality Sector
In May, the U.S. economy saw an addition of 172,000 jobs, with a notable contribution from the hospitality sector. The unemployment rate held steady at 4.3%, although wage growth has softened amid rising prices.
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The U.S. adds 172,000 jobs. Many are in restaurants, bars and hotels
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U.S. Adds 172,000 Jobs in May, Primarily in Hospitality Sector
