News/Data/Jun 5, 2026, 8:30 AM ET

US economy added 172k jobs in May; unemployment rate 4.3%

Hourly earningsPayrollsUnemploymentSPXXAU

The Bureau of Labor Statistics' Employment Situation report showed nonfarm payrolls rose by 172,000 in May 2026 and the unemployment rate was 4.3%. Average hourly earnings rose 0.3% on the month.

  • Nonfarm payrolls +172k in May (seasonally adjusted, thousands of jobs)
  • Unemployment rate 4.3% (unchanged)
  • Average hourly earnings +0.3% on the month, +3.4% on the year
  • April revised to +179k from +115k
SPX around the story · hourly24 h reaction ▼ 1.72%
7,330.417,465.857,601.29US economy added 172k jobs in May; unemployment rate 4.3%1Jun 1Jun 3Jun 5Jun 7Jun 9

Moves this explains

QQQ−4.68%Jun 4 · QQQ fell 4.68% to 701.24 with S&P 500 -2.35%. Hot May payrolls (172k added, unemployment 4.3%) revived Fed hike bets, and chip stocks fell hard after Broadcom's AI guidance disappointed: MU -11.56%, INTC -11.80%, AMD -10.84%, AVGO -6.95%. Bitcoin fell 4.43% and ether 10.59%, and silver fell 8.23%.HOOD−6.73%Jun 4 · Robinhood fell 6.73% on 2026-06-05 after the May jobs report (172k jobs, unemployment 4.3%) lifted Fed hike bets: the S&P 500 fell 2.35%, QQQ 4.68%, ether 10.59% and bitcoin 4.43%. Reports also document bitcoin falling below $60,000 and a gold drop the same day.MU−11.56%Jun 4 · Micron fell 11.56% on June 5, a day the whole AI-chip group fell: Intel -11.8%, AMD -10.84%, NVDA -5.72%, with the S&P 500 down 2.35%. Broadcom's AI guidance on June 4 disappointed, and May payrolls of 172k (against about 80k expected) revived Fed rate-hike worries. Reports differ on Micron's exact decline, from about 7% to 13%.ORCL−10.34%Jun 4 · ORCL fell 10.34% on 5 Jun in a broad selloff as the May jobs report (172k jobs added, unemployment 4.3%) lifted Fed hike bets: the S&P 500 lost 2.35%, QQQ 4.68%, gold 3.10%, bitcoin 4.43% and Micron 11.56%. Coverage ties the jobs data to the gold and bitcoin declines, so the cause is macro rather than Oracle-specific.META−5.60%Jun 4 · Meta fell 5.60% on a broad risk-off day: the S&P 500 dropped 2.35% and QQQ 4.68%, with AMD -10.84%, Micron -11.56%, Broadcom -6.95% and Nvidia -5.72%. The hot May jobs report (172k jobs, 4.3% unemployment) and Broadcom's AI guidance disappointment were the main market drivers reported. The Financial Times also reported that Meta was weighing a share sale to fund AI spending, which Meta called pure speculation.PLTR−4.98%Jun 4 · Palantir fell 4.98% to $133.92 in a broad risk-off day after strong May payrolls raised Fed hike bets: Micron -11.56%, AMD -10.84%, Intel -11.80%, Nvidia -5.72%, ether -10.59%, silver -8.23%, bitcoin -4.43% and the S&P 500 -2.35%. Reports tie the day to the jobs data and to bitcoin's fall below $60,000 on hot jobs numbers.AMD−10.84%Jun 4 · AMD fell 10.8% in a broad chip selloff after Broadcom shares fell about 14% on weak AI guidance the day before, and the May jobs report (172k added, unemployment 4.3%) lifted Fed hike bets. Micron fell 11.6%, Intel 11.8% and Nvidia 5.7%, while the S&P 500 lost 2.4%, gold fell 3.1% and bitcoin 4.4%.HG−3.05%Jun 4 · Copper fell 3.05% in a broad risk-off day: S&P 500 -2.35%, Nasdaq-100 -4.68%, gold -3.10%, silver -8.23%, AMD -10.84% and Micron -11.56%. Reports tie the move to a strong May jobs report (+172k) that lifted Fed rate-hike bets, which also drove gold down 3.9%.INTC−11.80%Jun 4 · Intel fell 11.80% to $96.93 in a broad sell-off: the S&P 500 -2.35%, QQQ -4.68%, AMD -10.84%, MU -11.56%, Bitcoin -4.43% and ETH -10.59%. Coverage ties it to strong May jobs data (172k added, lifting Fed hike bets) and Broadcom shares falling about 14% on AI guidance.MSTR−6.98%Jun 4 · Fell 7.0% on the hot May jobs report, which lifted Fed hike bets: Bitcoin -4.4%, Ether -10.6%, gold -3.1%, and the S&P 500 -2.4%, with chip stocks sharply lower (Micron -11.6%, Intel -11.8%, AMD -10.8%).TSM−6.55%Jun 4 · TSM fell 6.55% in a broad selloff: SPX -2.35%, NVDA -5.72%, AMD -10.84%, MU -11.56%, INTC -11.80% and ETH -10.59%, with gold and bitcoin also lower. The move followed strong May payrolls that lifted Fed hike bets and Broadcom's sharp fall on AI guidance the previous day.AVGO−6.95%Jun 4 · Fell 6.9% to $385.03 on a broad risk-off day after the May jobs report showed 172k jobs added and lifted Fed hike bets. S&P 500 -2.4%, QQQ -4.7%, NVDA -5.7%, AMD -10.8%, MU -11.6%, INTC -11.8%, ETH -10.6%, silver -8.2%, and the AI-chip group extended the selloff that began after the June 3 results.XAG−8.23%Jun 4 · Silver fell 8.23% to a close of 67.80 on the day the May jobs report showed 172,000 jobs added and unemployment at 4.3%. Gold fell 3.10%, the Nasdaq-100 proxy QQQ 4.68% and bitcoin 4.43%, while the S&P 500 fell 2.35%. Reports tie the decline to the strong data, which lifted Fed rate-hike bets.AMAT−9.13%Jun 4 · Fell about 9.4% as chip stocks sold off after Broadcom's AI revenue outlook disappointed, and a strong May jobs report added to rate-hike worries. The drop came despite record quarterly results and a raised industry outlook from Applied about three weeks earlier.COIN−7.59%Jun 4 · Coinbase fell 7.6% on a hot US jobs report: 172k jobs added in May, which lifted Fed hike bets. QQQ fell 4.7%, ether -10.6%, bitcoin -4.4%, gold -3.1%, and the S&P 500 -2.4%.WDC−11.37%Jun 4 · Fell about 11.5% as AI-chip stocks sold off after Broadcom's third-quarter AI revenue guide of about $16B fell short of expectations and a strong May jobs report raised Fed hike bets.SPY−2.42%Jun 4 · Fell about 2.4% after a stronger-than-expected May jobs report (172k jobs) lifted bets on a Fed rate hike, while Broadcom's AI-guidance disappointment hit chips: Nvidia -5.7%, Nasdaq-100 ETF -4.7%, gold -3.1%.
Source
Bureau of Labor Statistics
Jun 5, 2026, 8:30 AM ET
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