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U.S. employers added a surprising 172,000 jobs in May as the labor market continued to show resilience in the face of rising costs from the Iran war. The Labor Department reported Friday that job growth was down slightly last month from a revised 179,000 in April. The unemployment rate stayed at a low 4.3%. The job market has been recovering this year from a miserable 2025, so far shrugging off higher energy prices and increased economic uncertainty since the United States and Israel attacked Iran in late February.

A new poll finds that younger Americans are more pessimistic than older ones about the state of the job market. This is a sudden reversal from just three years ago, when older Americans were more pessimistic. In the United States until 2023 and in many countries globally, young people tend to be more optimistic about the job market than older people. Gallup found that, typically, around the world, younger people are more likely by 10 percentage points than older ones to report their local job market is good. In the United States, younger people are 21 percentage points less likely to do so than older ones.