US adds 172,000 jobs inadds 172,000 jobs in May as labor market holds up
The United States added 172,000 jobs in May, according to reports published on June 5, even as higher prices continued to pressure households and businesses.
The data suggest the labor market remains resilient for now, which matters because it could influence how quickly the Federal Reserve cuts interest rates.
- The Federal Reserve was created in 1913 after repeated U.S. banking panics.
- Employment reports can move global financial markets within minutes.
- The leisure and hospitality sector often swings with travel, dining, and seasonal spending.
US-Iran Ceasefire War
The United States launched military strikes against Iran on June 26, 2026, in response to a drone attack on a commercial cargo ship in the Strait of Hormuz, calling it a "foolish violation" of the 60-day ceasefire agreement signed just days earlier[2][4][14].
26 June, 09:35 PM
US launches strikes against Iran following commercial ship attack26 June, 04:47 PM
Trump calls Iran drone attack on cargo ship a ceasefire violation
