{"id":41351,"date":"2026-06-06T00:22:50","date_gmt":"2026-06-06T04:22:50","guid":{"rendered":"https:\/\/sharewatch.com\/wp\/2026\/06\/06\/strong-us-job-growth-ahead-of-world-cup\/"},"modified":"2026-06-06T00:22:50","modified_gmt":"2026-06-06T04:22:50","slug":"strong-us-job-growth-ahead-of-world-cup","status":"publish","type":"post","link":"https:\/\/sharewatch.com\/wp\/2026\/06\/06\/strong-us-job-growth-ahead-of-world-cup\/","title":{"rendered":"Strong US job growth ahead of World Cup"},"content":{"rendered":"
\n

US job growth surged past expectations in May, as the labor market in the world’s largest economy showed signs of firming after months of turbulence.<\/p>\n

There were 172,000 news jobs created in the US economomy last month, according to today’s figures from US Bureau of Labor Statistics.<\/p>\n

The umemployment rate remained unchanged at 4.3%.<\/p>\n

The growth was concentrated in a number of markets, most remarkably in hospitality.<\/p>\n

Ahead of the World, jointly hosted by the US, Canada and Mexico, the US leisure and hospitality sector added 70,000 jobs last month, well above its average monthly gain of 14,000 over the last year.<\/p>\n

“That gain was the largest since January 2023 and had an extra lift from hiring triggered by the upcoming World Cup matches,” said Diane Swonk, chief economist at KPMG.<\/p>\n

The health care sector remained one of the labor market’s strongest performers, with 35,000 jobs added in May.<\/p>\n

Employment in the financial activities sector, however, declined by 22,000, with losses concentrated in insurance and commercial banking.<\/p>\n

The sector is down 107,000 jobs from its recent peak in May 2025.<\/p>\n

The air transportation sector lost 9,000 jobs, after low-cost airline Spirit wound down operations.<\/p>\n

Overall, job growth in the United States has see-sawed between expansion and contraction from month to month over the last year, but May’s data marks the third straight month of increases.<\/p>\n

“Employment gains have significantly topped expectations for the past three months, signaling that despite higher energy prices due to the Iran conflict and worries that AI adoption would dampen demand for workers, job creation has ramped up,” said Kathy Bostjancic, chief economist at Nationwide.<\/p>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

US job growth surged past expectations in May, as the labor market in the world’s largest economy showed signs of firming after months of turbulence. There were 172,000 news jobs created in the US economomy last month, according to today’s figures from US Bureau of Labor Statistics. The umemployment rate remained unchanged at 4.3%. The […]<\/p>\n","protected":false},"author":1,"featured_media":41352,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[19,20],"tags":[],"class_list":["post-41351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news","entry","has-media"],"_links":{"self":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts\/41351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/comments?post=41351"}],"version-history":[{"count":0,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts\/41351\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/media\/41352"}],"wp:attachment":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/media?parent=41351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/categories?post=41351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/tags?post=41351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}