The U.S. adds 172,000 jobs. Many are in restaurants, bars and hotels

Article excerpt

U.S. employers added 172,000 jobs in May, marking the third consecutive month of growth, while the unemployment rate remained flat at 4.3%. The gains were concentrated in hospitality, restaurants, bars, and hotels, sectors that typically offer lower wages. But wage growth slowed significantly, likely falling behind inflation, which suggests workers' purchasing power may be eroding even as hiring continues.