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U.S. Adds 105K Jobs, Unemployment Steady, AI Layoffs Rise

6/5/2026

46 9 Full Breakdown

Summary

Story summary

The U.S. labor market is projected to add 105,000 jobs in May, keeping unemployment at 4.3% and average weekly hours at 34.3.
Healthcare leads hiring while private-sector growth spreads to manufacturing, trade, transport, leisure, hospitality and construction.
AI-related layoffs total 97,006 cuts, a 16% rise from April, mainly at tech firms.
Futures markets expect the Federal Reserve (Fed) to keep rates at 3.50%-3.75% at its June 17, 2024 meeting.

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Story summary

The U.S. labor market is projected to add 105,000 jobs in May, keeping unemployment at 4.3% and average weekly hours at 34.3.
Healthcare leads hiring while private-sector growth spreads to manufacturing, trade, transport, leisure, hospitality and construction.
AI-related layoffs total 97,006 cuts, a 16% rise from April, mainly at tech firms.
Futures markets expect the Federal Reserve (Fed) to keep rates at 3.50%-3.75% at its June 17, 2024 meeting.