Jobs report May 2025:

Hiring has decreased slightly in May, even if consumers and companies have prepared against prices and a potentially slowed economy, the Bureau of Labor Statistics reported on Friday.

The non-agricultural payroll increased by 139,000 for the month, above the Dow Jones estimate in mute for 125,000 and a little below 147,000 revised downwards that the American economy added in April.

The unemployment rate remained stable at 4.2%. A more encompassing measure which includes discouraged workers and the underemployed was also unchanged, holding 7.8%.

Workers’ remuneration has increased more than expected, with average hourly benefits up 0.4% during the month and 3.9% compared to a year ago, compared to the respective forecasts of 0.3% and 3.7%.

“The growth of jobs stronger than expected and stable unemployment highlights the resilience of the American labor market in the face of recent shocks,” said Lindsay Rosner, head of multiseror fixed income investment at Goldman Sachs Asset Management.

Almost half of employment growth came from health care, which added 62,000, even more than its average gain of 44,000 in the past year. Leisure and hospitality contributed 48,000 while social assistance added 16,000.

Lowering, the government has lost 22,000 jobs as efforts to eliminate federal workforce by the president Donald Trump and the Elon Musk-The the Ministry of Government Efficiency began to show an impact.

The term contracts on the stock market jumped higher after the release, as is the yields of the treasury.

Although the May figures were better than expected, there were underlying distortion points.

The April chief was revised down 30,000, while the total of March fell from 65,000 to 120,000.

There were also disparities between the investigation into the establishment, which is used to generate the gain in the payroll, and the household survey, which is used for the unemployment rate. The latter number, generally more volatile than the investigation into the establishment, has shown a decrease of 696,000 workers. Full -time workers decreased by 623,000, while partial times increased by 33,000.

“The May employment report always has everyone awaiting the drop in the other shoe,” said Daniel Zhao, principal economist on the Glassdoor rating site. “This report shows the standing labor market, but while the winds are accumulating in a cumulative way, it is only a matter of time before the labor market begins to strive against these winds.”

The report comes at the origin of an economic experience of Treet, complicated by Trump’s prices and a constantly evolving variable of the measure where he will go to try to level the rules of the world game for American goods.

Most indicators show that the economy is always at a good distance from the recession. But the feeling surveys indicate high degrees of anxiety on the part of consumers and business leaders because they are preparing for the ultimate impact of the quantity of prices that will slow down commercial activity and increase inflation.

For their part, those responsible for the federal reserve consult the current landscape with caution.

The central bank is holding its next political meeting in less than two weeks, the markets expecting largely that the Fed remains pending concerning interest rates. In recent speeches, decision -makers have indicated greater concern about the price of inflation induced by prices.

“With the Fed laser focusing on risk management on the inflation side of its mandate, the employment report stronger than expected will not do much to modify his patient approach,” said Rosner, Strateège by Goldman Sachs.

Friday also marks the last day before the Fed officials went in their calm period before the meeting, when they do not issue political comments.