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• U.S. employers added 172,000 jobs in May, while the unemployment rate remained steady at 4.3 percent. • The data, which is seasonally adjusted, suggests a robust labor market that may complicate efforts to lower interest rates. • Donald Trump has pushed for steep rate cuts and recently celebrated the appointment of Kevin M. Warsh as the central bank's chair to achieve this goal.

Government figures show unemployment rate at 4.3% amid rising inflation and economic uncertainty from Iran warUS employers added 172,000 jobs in May while the country’s unemployment rate held steady at 4.3%, a sign of a resilient labor market despite rising inflation and economic uncertainty brought on by continued conflict in the Middle East.Economists initially predicted there would be about 80,000 new jobs and a steady unemployment rate of 4.3%. Job figures for March and April were also revised up 29,000 and 64,000, respectively, a 93,000 boost compared to initial figures. Continue reading...