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Updated · MENAFN.COM · Jun 6US Private Payrolls Rise 122,000 in May as Services Add 114,000
2 articles · Updated · MENAFN.COM · Jun 6Summary
- 122,000 private-sector jobs were added in May, topping economists’ 118,000 forecast and marking the strongest monthly gain since January 2025.
- Services drove nearly all of the increase with 114,000 new jobs, while manufacturing contributed a smaller 8,000 gain.
- April payroll growth was revised down to 105,000 from 109,000, tempering the picture even as May showed a modest pickup in hiring.
Insights
Beyond strong headline numbers, is rising part-time work signaling hidden fragility in the U.S. job market? Why are high-paying tech and finance jobs vanishing while other sectors boom, and what does this shift reveal about the economy? With stubborn inflation defying a strong job market, could the Fed's next move be a surprising interest rate hike?