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macroJun 5, 2026, 12:42 PM

US Nonfarm Payrolls Surge to 172K in May, Far Above 85K Forecast

The US economy added 172,000 jobs in May, significantly exceeding the market consensus of 85,000, according to the Bureau of Labor Statistics.

EURUSDUSDJPY

The US Bureau of Labor Statistics reported Friday that Nonfarm Payrolls (NFP) rose by 172,000 in May, sharply beating the expected 85,000 increase. April's figure was revised up to 179,000 from the initially reported 115,000.

This strong jobs data suggests resilience in the US labor market, reducing expectations of near-term Federal Reserve rate cuts and potentially supporting the US dollar against major currencies.

Source: FXStreet Forex News