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Story summary
- U.S. added 172,000 nonfarm jobs in May 2026, keeping the unemployment rate at 4.3%.
- Leisure and hospitality added 70,000 jobs, local government added 55,000, and healthcare added 35,000.
- Average hourly earnings rose 0.3% in May and 3.4% year-over-year.
- Acting Labor Secretary Keith Sonderling said the report exceeded expectations.
- President Donald Trump praised the gains and urged the Federal Reserve (Fed) to lower interest rates.
