A new jobs report exceeded expectations despite the U.S. economy facing inflation and record debt.
U.S. payrolls rose by 172,000 last month, far above the Dow Jones’ 80,000 estimate that CNBC reported Friday. Unemployment remained steady at 4.3%. (RELATED: Trump’s Top Economic Advisor Touts Growing Wages — But There’s A Problem)
“Almost every industry is hiring again except tech and finance. There are a lot of encouraging signs for the labor market heading into summer. (Unfortunately, inflation is a lot worse),” Navy Federal Credit Union chief economic Heather Long stated in a June 6 X post.
Honestly, it looks like the hiring recession is over.
US average job gains in 2025: 10,000 a month
US average job gains in 2026: 114,000 a month
Job gains in the past 3 months: 188,000Almost every industry is hiring again except tech and finance. There are a lot of encouraging… https://t.co/nSzdmJYljz
— Heather Long (@byHeatherLong) June 5, 2026
The tech industry’s apparent low job growth comes amid heavy investment into artificial intelligence. Goldman Sachs projects that Big Tech’s AI spending will reach $5.3 trillion in fiscal years 2025 through 2030, the DCNF reported Wednesday.
This jobs increase follows a period of increased inflation. The cost of everyday goods rose 0.9% in March and 0.6% in April since the start of the Iran War, according to Consumer Price Index data.
All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.