The U.S. Bureau of Labor Statistics released its “Employment Situation Summary” report for May on Friday, and the findings reflect a “steady but cautious” labor market, says Ger Doyle, Regional President of North America at employment agency ManpowerGroup, in a statement to Entrepreneur.
The U.S. economy added 139,000 jobs in May. The unemployment rate was 4.2%, unchanged from April, while job additions were down from the revised 147,000 jobs added in April.
The unemployment rate has remained stable between 4.0% and 4.2% since May 2024, with 7.2 million people unemployed as of May.
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