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It’s not every day that Americans receive such a wealth of positive news from the federal government. Friday brought both an unexpectedly good report on job creation outside Washington and exciting new plans for job destruction within it. On Thursday this column noted a pessimistic signal for the future of the labor market, but thank goodness the job market we have right now is better than many people realized. The Journal’s Harriet Torry reports: The U.S. added a seasonally adjusted 172,000 jobs in May, the Labor Department said Friday, beating expectations. That was far better than the 80,000 jobs that analysts polled by The Wall Street Journal had expected to see. It turns out the resilient U.S. economy was also better than the pros realized in the early spring. Ms. Torry adds: Friday’s report showed job growth in April and March was significantly stronger than earlier estimated. March’s job gains were revised up by 29,000 to 214,000—the largest monthly gain since December 2024. April’s payroll gain was revised up by 64,000 to 179,000.
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