The labor market delivered 172,000 jobs in May, past the expectation for 88,000.

Unlike prior months, where job growth was concentrated in healthcare and a few other sectors, gains were more broad-based.

"The labor market continues to show sustained momentum going into the summer hiring season..."

Employment in the US private sector grew more than expected in May, payroll firm ADP said Wednesday, with hiring seen across a range of industries. The report showed that…

Traders bet the Fed will have to raise rates by December