The U.S. labor market remained hot in May as the hiring momentum continued heading into the summer, new government data released on June 5 show.
The economy added 172,000 new jobs last month, from the upwardly revised 179,000 positions in April, according to the Bureau of Labor Statistics.
Economists had penciled in a reading of 85,000.
The unemployment rate held steady at 4.3 percent—in line with the consensus forecast.
This is a developing story and will be updated.
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