Us Non-farm Payrolls Rose 272,000, Higher Than Expected

According to the US Bureau of Labor Statistics, nonfarm May was significantly stronger than market expectations, and the unemployment rate topped 4% in two years. Specific data showed that the us quarterly nonfarm payrolls rose 272,000 in May, significantly higher than market expectations of 185,000. The US unemployment rate unexpectedly rose to 4% in May, the highest since January 2022, at which the market had previously expected to remain unchanged at 3.9%.