1. U.S. added 139,000 jobs in May, exceeding estimates of 125,000. 2. Unemployment rate stable at 4.2%, aligning with forecasts. 3. Wage growth outpaced inflation, with a 3.9% rise year-over-year. 4. Past job growth estimates for March and April revised down by 95,000. 5. Stock indexes rose, buoyed by labor market signals and trade thawing.
The job growth exceeds expectations and wage increases support consumer spending, positively influencing S&P 500. Historically, robust jobs reports tend to bolster market confidence, as seen in past recovery periods.
The job growth and wage increases indicate a strong economy, likely to buoy S&P 500 performance, impacting market sentiment positively.
Immediate market reactions are likely due to recent jobs data; longer-term effects depend on sustained growth and external factors like tariffs and interest rates.