US job growth in May soared to 272,000, shattering expectations and marking a significant increase from the revised April figure of 165,000. The unemployment rate also rose slightly to 4% from 3.9%, ending a long streak of sub-4% unemployment.
Service-providing industries, particularly health care and social assistance, were major contributors to the job gains in May, with 83,500 jobs added. This data from the Bureau of Labor Statistics indicates strong growth in these sectors.
#us-job-growth #unemployment-rate #service-providing-industries #may-data #bureau-of-labor-statistics
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