Key facts
- US employers added 172,000 jobs in May.
- May job growth exceeded economists' expectations.
- The economy shows signs of momentum after job losses in fall/winter.
US job growth in May significantly exceeded expectations, with employers adding 172,000 new positions. This figure surpassed the around 80,000 job gains that economists had forecast. The report suggests the economy is regaining momentum, particularly after experiencing some job losses during the fall and winter months.