World Cup, with splurge on experiences, buoy job gains in United States

The improvement in the labour market, coupled with the stickiness of service sector inflation, has caused hawks to flock at the Federal Reserve, writes KPMG US Chief Economist Diane Swonk.

Payrolls in the United States (US) rose by 172,000 in May following an upwardly revised gain of 179,000 jobs for April. The initial report for April showed only 115,000 job gains. All of the increase came from the private sector. Government accounted for 52,000 of the gains, largely at the local level. That reverses what had been a streak of public sector job losses. Federal employment added a negligible 1,000 jobs during the month. Federal Government employment held at its lowest level s...

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Authors: Diane Swonk

Published Date: 09 June 2026