Non-farm data exceeded expectations, but the unemployment rate didn't move; the market is likely to be torn over the pace of interest rate cuts again.

CryptoWorld News reports that U.S. released data shows that in May 2026, seasonally adjusted non-farm employment increased by 172k people, exceeding market expectations, with the unemployment rate remaining steady at 4.3%. The leisure and hospitality industry, local government, and healthcare sector saw significant job gains, while employment in the financial activities sector decreased by 22k. Additionally, non-farm data for March and April were revised upward by a total of 93k. The average hourly wage increased by 0.3% month-over-month and 3.4% year-over-year.