U.S. Added 139K Jobs in May: No Big Surprises, Just Another Day in the Economy

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What You Need to Know (But Probably Won’t Read):

  • The government said we gained 139,000 jobs in May. Yep, right on target with the experts’ predictions. Shocking, right?
  • Unemployment? Still at a steady 4.2%. Which is basically the “meh” of unemployment rates.
  • And oh, Bitcoin did that thing where it just keeps climbing for no reason—now it’s over $104,000. So, you know, no big deal.

In May, the U.S. labor market showed some signs of growth—if by “growth,” you mean a slightly slower pace than before. But don’t panic, no one’s losing jobs in droves yet. Nonfarm payrolls were up by 139,000. The forecast? 130,000. Pretty close! It’s like the economy took a small jog instead of a sprint.

Oh, and the unemployment rate? Still the same as last month. 4.2%. Talk about consistency. In a world full of chaos, we can always rely on a steady unemployment rate.

Bitcoin? Yeah, it’s doing its thing, soaring above $104,000 like it’s the popular kid at the party. All thanks to the economic uncertainty. Classic Bitcoin.

But wait, there’s more! The May payrolls data was a big deal because, you know, things were looking a little rough this week. The ADP jobs report showed the slowest growth in over two years, and some other reports suggested the economy might be shrinking. Oops!

In the aftermath, the U.S. Treasury yield (the thing we all pretend to understand) dipped to 4.32%, but after this news, it bounced back up to 4.44%. And the likelihood of a Fed rate cut in July? Down from 30% to just 16%. So, no, we’re not cutting rates anytime soon, sorry.

And hey, let’s not forget stocks. They’re doing the thing where they go up a bit. The Nasdaq is up 0.8%, and the S&P 500? It’s up 0.75%. It’s like the economy is trying to put on a happy face for us.

Oh, and average hourly earnings? They rose by 0.4% in May. That’s higher than expected, so maybe a little extra spending money for you? But let’s be honest, you’re probably just saving it for the next Bitcoin spike.

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2025-06-06 16:11