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Cover of the US Market Briefing for May 2026

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US Market Briefing: May 2026

Content Insights

  • Payrolls increased by 115,000 in April as job growth slowed
  • Unemployment remained at 4.3%, with job openings at 6.9 million
  • Average hourly earnings grew 3.6% year-on-year, the slowest pace since mid-2021
Slower April job growth, concentrated sector gains and energy costs highlight continuing uncertainty across the US labour market

The May 2026 US Market Briefing considers slowing April job growth, narrow sector gains, and the effects of energy costs and policy uncertainty on hiring demand. Read the full report below.

Open or download the full US Market Briefing for May 2026 (PDF)