The economy added 139,000 nonfarm payrolls in May, beating expectations of 130,000, yet cooling from the previous 147,000.

Wage growth also exceeded expectations, with average hourly earnings rising 0.4% month-over-month and 3.9% year-over-year.

Despite fears of a sharp slowdown in the labor market, the official nonfarm payrolls report for May showed stronger-than-expected job growth, underscoring the resilience of the U.S. economy amid macroeconomic uncertainties.

The economy added 139,000 nonfarm payrolls in May, beating expectations of 130,000, yet cooling from the previous 147,000. Wage growth also exceeded expectations, with average hourly earnings rising 0.4% month-over-month and 3.9% year-over-year. The unemployment rate remained steady at 4.2%.

President Donald Trump celebra

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