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May 2026 Jobs Report: One Strong Headline, but Two Realities

June 5, 2026

Key points:

Employers added 172,000 jobs in May, according to the Bureau of Labor Statistics, and figures from March and April were revised up by a combined 93,000 jobs. The unemployment rate stayed steady at 4.3% in May. Both hires and layoff rates remain depressed, with the share of unemployed workers jobless for 27 weeks or

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