Employers added 172,000 jobs last month as US job market shows resilience despite Iran war

US employers added 172,000 jobs in May, with the unemployment rate remaining at 4.3%. Job growth was broad-based across sectors like local governments, restaurants, and healthcare, despite high energy prices from the Iran war. Wage gains were modest, aligning with the Fed's inflation targets, though challenges like long-term unemployment and a stagnant job market persist.