The US economy added 172,000 jobs in May, exceeding expectations and signaling potential stabilization.
Unemployment held at 4.3%, but wage growth slowed to 3.4% and may be falling behind inflation.
Hiring broadened beyond healthcare to leisure, hospitality and government, though long-term joblessness is rising.
AI-generated summary was reviewed by a CNN editor.
The US labor market appears to have found its footing: The economy added 172,000 jobs in May, shattering expectations, new data from the Bureau of Labor Statistics showed Friday.
