U.S. economy surpasses expectations, adds 172K jobs in May

Article excerpt

The U.S. economy added 172,000 jobs in May, nearly doubling economist forecasts of 85,000 positions, according to the Bureau of Labor Statistics. The stronger-than-expected gain suggests continued resilience in the labor market despite concerns about economic slowdown. The figure, compiled from LSEG's economist poll, represents a significant outperformance that could influence Federal Reserve policy discussions and investor sentiment heading into the summer months.