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BLS Employment Reports for May ?3

09:06 05-Jun-26


The May employment reports from the BLS headlined at +172K, more than doubling projections around +85K.  The unemployment rate stayed at +4.3% and earnings rose 0.3%, both  as expected.  The Participation held steady at 61.8% and the Employment Population Ratio ticked up a tenth to 59.2%.  This continues to leave no room for rate cuts by maintaining steady but frozen job market narrative.  The detailed numbers were also in line with this service's comments on various industries from the ADP report.  American equity indexes were already negative before the reports were released, and this hasn't helped them.