U.S. payrolls rose by 172,000 in May, much more than expected; unemployment at 4.3%

Nonfarm payrolls were expected to increase by 80,000 in May while the unemployment rate held at 4.3%.
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Goldman Sachs warns AI-fueled layoffs could raise the unemployment rate this year: Chart

AI is coming for the jobs market, Goldman Sachs warned. "Job losses in AI-affected industries have been visible but moderate," Goldman Sachs economist Pierfrancesco Mei wrote in a new note on Tuesday.

Resilient US economy posts third straight month of strong job growth

By Lucia Mutikani WASHINGTON, June 5 (Reuters) - The U.S. economy posted a third straight month of strong job gains in May, confirming the labor market was gaining traction after stumbling last year ...