With just five months to go before consequential midterm elections in the U.S., Americans have grown increasingly frustrated by rising costs, and it’s unclear if the strong job numbers this year will change their gloomy view of the economy.

Even in the face of tariffs and an energy crisis, the jobs report shows an economy that’s still humming.

While unemployment is projected to hold steady at a low 4.3% in May, according to FactSet, the pace of job creation remains significantly slower than the boom experienced in the…