Instant Reaction: US Adds 172,000 Jobs, Boosting Bets on Fed Rate Hike by Year-End

Instant Reaction: US Adds 172,000 Jobs, Boosting Bets on Fed Rate Hike by Year-End

Author: Bloomberg June 5, 2026 Duration: 19:29

US job growth topped all forecasts in May and the unemployment rate held steady, offering the clearest sign yet that the labor market may be breaking out of a prolonged period of lackluster hiring.
Nonfarm payrolls increased 172,000 last month after upward revisions to the prior two months, according to Bureau of Labor Statistics data out Friday. That marked the strongest three-month advance in more than two years.
The unemployment rate was unchanged at 4.3%, and average hourly earnings rose 0.3%.

Bloomberg's Tom Keene and Paul Sweeney break down the numbers with: 
Claudia Sahm, Chief Economist at New Century Advisors
Kevin Gordon, Head of Macro Research and Strategy for the Schwab Center for Financial Research at Charles Schwab
Kristina Campmany, Senior Portfolio Manager at Invesco

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Each weekday, the sharp, informed voices of Jonathan Ferro, Lisa Abramowicz, and Annmarie Hordern translate the complex movements of global markets into clear, actionable insight. This Bloomberg Surveillance podcast distills the essential interviews and analysis from their television broadcast, offering a direct line to the minds shaping finance, economics, and investment strategy. You’ll hear unfiltered conversations with central bankers, CEOs, and policymakers, all focused on the forces driving capital and change. For the best extended dialogues from the radio side, Tom Keene and Paul Sweeney join in, deepening the exploration of critical themes. It’s more than just headlines; it’s about understanding the *why* behind the numbers. Tuning into this daily podcast provides a consistent advantage, whether you’re managing a portfolio or simply need to grasp the economic narratives defining our world. The pace is brisk and the perspective is global, mirroring the markets themselves.
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