Payam Javan: The U.S. economy added 139,000 new jobs in May, surpassing market expectations. The unemployment rate remained steady at 3.6%, reflecting a resilient labor market despite ongoing economic uncertainties. Sectors such as healthcare, professional services, and leisure and hospitality led the job growth, while retail and manufacturing saw modest gains. Analysts attribute the stronger-than-expected performance to sustained consumer demand and businesses adapting to inflationary pressures, though concerns about potential slowdowns linger.

Wage growth continued at a moderate pace, with average hourly earnings rising by 0.3% month-over-month, aligning with inflation trends. The report suggests that the Federal Reserve’s efforts to cool the economy through interest rate hikes have not yet significantly impacted job creation. However, some economists warn that persistent inflationary pressures and global economic challenges could pose risks to future labor market stability, prompting close monitoring of upcoming economic indicators.