U.S. Job Data is Here: Growth Slows in May, March–April Figures Revised Down
The U.S. economy added 139,000 jobs in May, surpassing expectations of 120,000 but reinforcing signs of a gradually cooling labor market.
The latest employment data, released Friday by the Bureau of Labor Statistics (BLS), marked a slowdown from the revised 147,000 jobs added in April.
Despite exceeding forecasts, the report reflects a continued deceleration in monthly job creation compared to earlier periods of post-pandemic strength.
The unemployment rate held steady at 4.2%, staying close to historic lows and suggesting that while hiring momentum is softening, the broader labor market remains resilient.
The figures add to a growing narrative that the U.S. economy is cooling just enough to support a disinflationary trend without tipping into recession. Markets and policymakers will closely watch upcoming labor and inflation prints as the Federal Reserve weighs its next move on interest rates.
With downward revisions to previous months and persistent softness in job creation, the May report may nudge the Fed closer to considering a rate cut later in the year, particularly if inflation continues to retreat.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
