Employers Added A Robust 272,000 Jobs In May

WASHINGTON (AP) — America’s employers added a vigorous 272,000 jobs in May, accelerating from April and a sign that companies are still confident enough in the economy to keep hiring despite persistently high interest rates. Last month’s strong job growth reflected the durability of America’s consumer-driven economy. With the nation’s households continuing their steady spending, many employers have had to keep hiring to meet their customer demand. The unemployment rate edged up to a still-low 4%, from 3.9%, ending a 27-month streak of unemployment below 4%. That had matched the longest such run since the late 1960s. President Joe Biden is likely to point to Friday’s jobs report as a sign of the economy’s robust health under his administration.