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Fri, 05 Jun 2026

Fri, 05 Jun 2026 Hospitality jobs boom as US prepares for World Cup

It is the third month in a row US jobs figures have beaten expectations.

* 172,000 new jobs created in May
* Unemployment rate remains at 4.3%
* Jobs were primarily created in: + Leisure and hospitality: 70,000 (with food and drink sales businesses responsible for 48,000) + Local government: 55,000 + Healthcare: 35,000
* Employment in financial sector dropped by 22,000
* Average hourly earnings rose by 3.4% in the last year
* Inflation rate remains at 3.8%
* Economists expect interest rate hike by end of 2026