May Unemployment rate is 4%. Higher than the expected 3.9%. Significantly more nonfarm payrolls added, but lots of job lost last month.

Compared to Wall Street's estimates:

• Nonfarm payrolls: 272,000 vs. +185,000 expected (+175,000 previously). Significantly more additions than the 185,000 expected by economists
• Unemployment rate: 4% vs. 3.9% expected (3.9% previously). This is the first time it hit that mark since January 2022. More people said they lost their jobs last month and fewer people entered the labor force.
• Average hourly earnings, month over month: +0.4% vs. +0.3% est. (+0.2% previously)
• Average hourly earnings, year over year: 4.1% vs. +3.9% expected (+3.9% previously)
• Average weekly hours worked: 34.3 vs. 34.3 expected (34.3 previously)