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US Hiring Surged in May, Boosting Bets on Fed Rate Hike

Bloomberg Markets · Jun 5, 2026, 3:30 PM · Also reported by 4 other sources

US job growth topped all forecasts in May and the unemployment rate held steady at 4.3%, offering the clearest sign yet that the labor market may be breaking out of a prolonged period of lackluster hiring. Frances Donald, Chief Economist at RBC, discusses the jobs data and what it signals for the US

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US Hiring Surged in May, Boosting Bets on Fed Rate Hike

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