(CNN) — The long-resilient US labor market slowed down a little in May, adding 139,000 jobs, according to Bureau of Labor Statistics data released Friday.

Last month’s job gains, which came in slightly more than expected, marked a retreat from April, which was downwardly revised to 147,000.

The unemployment rate held steady at 4.2%, and wage gains continued to outpace inflation.

Economists were expecting the economy to have added 130,000 jobs last month and that the unemployment rate held at 4.2%, according to FactSet consensus estimates.

Stock futures jumped after the data release, and after the opening bell the Dow was up by 435 points, or 1%. The S&P 500 rose by 0.9% and the Nasdaq Composite was 1.1% higher.

Friday’s report painted a picture of a “steady but cautious” labor market

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