The May jobs report just blew past expectations—and maybe too far for markets
The U.S. labor market significantly exceeded expectations in May 2026, with 172,000 jobs added, far surpassing the projected 88,000. Revisions to previous months also showed stronger-than-anticipated job growth, indicating a robust economic rebound after a slower 2025. Despite the overall hiring surge, wage growth has slowed to its lowest pace in four years, lagging behind inflation and potentially impacting consumer spending. AI
