The US unemployment rate held steady at 4.3% in May 2026, in line with market expectations. The number of unemployed people fell by 66,000 to 7.31 million, while total employment rose by 149,000 to 162.77 million. The labor force expanded by 83,000 to 170.08 million, with the labor force participation rate unchanged at 61.8%, its lowest level since October 2021. The employment-population ratio edged up to 59.2% from a four-year low of 59.1%. Meanwhile, the broader U-6 jobless rate—which includes discouraged workers and those working part-time for economic reasons—ticked down to 8.1% from 8.2%.