US Job Creation Surpasses Forecasts in May
The figure represents the strongest monthly gain since January 2025 and has been interpreted as a sign that the U.S. labor market may be stabilizing.
According to reports, economist Gary Hufbauer of the Peterson Institute for International Economics said the latest data came in stronger than anticipated.
"The news is better than I expected," Gary Hufbauer, a nonresident senior fellow at the Peterson Institute for International Economics, told Xinhua.
He added that energy prices and geopolitical developments could further influence the outlook, noting that oil trading near $95 per barrel, combined with the possibility of a prolonged ceasefire and a potential drop below $90, could improve employment conditions.
"Now that oil is trading at 95 (U.S. dollars per barrel) with the possibility of an extended ceasefire and a drop below 90 (dollars per barrel), I think the employment outlook has brightened," Hufbauer said.
He further said he expects continued positive momentum in private sector hiring over the coming months.
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