U.S. Added 139K Jobs in May, Roughly In Line With Forecasts

The unemployment rate remained steady at 4.2%, also matching economist forecasts. U.S. labor market growth continued to modestly slow in May, but not enough to force a rise in the unemployment rate. Nonfarm payrolls grew 139,000 last month, according to the a report Friday from the Bureau of Labor Statistics. Economist forecasts called for gains of 130,000 and April’s job growth was 147,000 (revised from an originally reported 177,000). The unemployment rate for May was 4.2% against expectations for 4.2% and April’s 4.2%. In the midst of a strong rebound following yesterday’s sharp declines, the price of bitcoin BTC$105,783.09 rose a small bit further following the news to just above $104,000. Always a closely-followed print, the May payrolls data was of particular import this time around