{"id":2610988,"date":"2026-06-05T08:45:56","date_gmt":"2026-06-05T12:45:56","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/red-hot-economy-beat-expectations-with-172000-jobs-in-may-despite-iran-energy-crunch\/"},"modified":"2026-06-05T08:49:35","modified_gmt":"2026-06-05T12:49:35","slug":"red-hot-economy-beat-expectations-with-172000-jobs-in-may-despite-iran-energy-crunch","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/red-hot-economy-beat-expectations-with-172000-jobs-in-may-despite-iran-energy-crunch\/","title":{"rendered":"Red hot: Economy beat expectations with 172,000 jobs in May despite Iran energy crunch"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fred-hot-economy-beat-expectations-with-172000-jobs-in-may-despite-iran-energy-crunch%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2610988&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>May\u2019s jobs report showed the U.S. economy added 172,000 payroll positions, with the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidenomics-brings-in-a-measly-12k-new-jobs-in-october\/\" title=\"&#039;Bidenomics&#039; Brings In A Measly 12K New ... In October\">unemployment rate holding steady<\/a> at 4.3%. Job growth came in stronger than forecasts (85,000) and prior months were revised upward, suggesting businesses largely shrugged off disruptions tied to the war with Iran, including energy-supply shocks and halted tanker traffic through the Strait of Hormuz.<\/p>\n<p>The conflict also <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/stocks-suffer-losses-as-oil-prices-break-105-barrel\/\" title=\"Stocks Suffer Losses as Oil Prices Break 5\/Barrel\">pushed energy prices higher<\/a>, lifting inflation expectations into May and complicating the Federal Reserve\u2019s options. Market pricing now suggests investors see little chance of a rate cut this year and a greater possibility of further hikes, despite trump\u2019s preference for lower rates.<\/p>\n<p>At the same time, other indicators point to underlying resilience: retail sales and industrial production remained strong even as <a href=\"https:\/\/amzn.to\/3YuVZYV\" >consumer sentiment surveys stayed weak<\/a>. Politically, Republicans are leaning on the jobs and tax-cut boost to improve their midterm prospects, while Democrats are focusing on the rising cost of living.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<article class=\"fn-body\">\n<p class=\"wp-block-paragraph\">The economy added 172,000 new payroll jobs in May, the Bureau of Labor Statistics reported Friday, as businesses shrugged off the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/keep-it-simple-the-closing-argument-for-the-gop-heading-into-november\/\" title=\"Keep It Simple: The Closing Argument For The GOP Heading Into November\">energy supply shock<\/a> from the war with Iran.<\/p>\n<p class=\"wp-block-paragraph\">The unemployment rate remained at 4.3%.<\/p>\n<section class=\"explore-more-section\" id=\"wex-recommended-widget\">\n<div class=\"magazine-container single\">\n<h1 class=\"magazine-title mt-2\">Recommended Stories<\/h1>\n<p>             <i class=\"fa-solid fa-play icon\"><\/i>         <\/div>\n<div class=\"explore-grid\">\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/4595838\/economy-jobs-may-iran-energy-crunch\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Economy beat expectations with 173,000 jobs in May despite Iran energy crunch<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/4595979\/rahm-emanuel-bike-tour-new-hampshire-2028\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Rahm Emanuel kicks tires on White House\u00a0bid with bike tour of New Hampshire<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/4592948\/andy-beshear-tests-appeal-2028-candidate\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Beshear tests appeal beyond Kentucky as 2028 speculation grows<\/h3>\n<p>                         <\/a>                     <\/div>\n<\/p><\/div>\n<\/section>\n<p class=\"wp-block-paragraph\">Forecasters had expected payroll job growth to slow to 85,000. <\/p>\n<div class=\"article-paywall\">\n<p class=\"wp-block-paragraph\">Instead, it accelerated, and previous months\u2019 job gains were revised up. <\/p>\n<div style=\"position: relative; width: 100%; height: 0px; padding: 66.7% 0px 0px; overflow: hidden; will-change: transform;\"><iframe loading=\"lazy\" src=\"https:\/\/e.infogram.com\/05094c37-2eae-4ea5-a1c6-61be66543eb3?src=embed&#038;embed_type=responsive_iframe\" title=\"May payrolls\" allowfullscreen allow=\"fullscreen\" style=\"position: absolute; width: 100%; height: 100%; top: 0px; left: 0px; border-width: medium; border-style: none; border-color: currentcolor; border-image: initial; padding: 0px; margin: 0px;\"><\/iframe><\/div>\n<p class=\"wp-block-paragraph\">Friday\u2019s report is likely to provide a shot in the arm for President Donald Trump, who has been weighed down by historically low consumer sentiment.<\/p>\n<p class=\"wp-block-paragraph\">The conflict with Iran and the halt of oil tankers through the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/strait-of-hormuz\/\" type=\"post_tag\" id=\"21488\">Strait of Hormuz<\/a> darkened the economic picture over the course of May.<\/p>\n<p class=\"wp-block-paragraph\">The run-up in energy prices from the supply chain disruptions pushed up inflation heading into the month. The price of a gallon of regular gas, for instance, rose from around $3 in February to above $4 by the end of May. <\/p>\n<p class=\"wp-block-paragraph\">The surge in inflation has complicated matters for the Federal Reserve. Investors now see little chance for a cut in the central bank\u2019s interest rate target this year. Market odds now see a greater likelihood that the Fed will instead raise rates this year, to tamp down inflation, even though the newly installed chairman, <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/kevin-warsh\/\" type=\"post_tag\" id=\"20643\">Kevin Warsh<\/a>, was appointed by Trump, who has called repeatedly over the past year for lower rates.<\/p>\n<p class=\"wp-block-paragraph\">Yet other economic indicators suggest underlying strength. <\/p>\n<div style=\"position: relative; width: 100%; height: 0px; padding: 66.63% 0px 0px; overflow: hidden; will-change: transform;\"><iframe loading=\"lazy\" src=\"https:\/\/e.infogram.com\/181b741e-d8c7-49c9-9cec-2da6d67b2cf9?src=embed&#038;embed_type=responsive_iframe\" title=\"May unemployment rate\" allowfullscreen allow=\"fullscreen\" style=\"position: absolute; width: 100%; height: 100%; top: 0px; left: 0px; border-width: medium; border-style: none; border-color: currentcolor; border-image: initial; padding: 0px; margin: 0px;\"><\/iframe><\/div>\n<p class=\"wp-block-paragraph\">Retail sales have been strong despite the low consumer sentiment recorded in surveys. Industrial production, too, has been robust through the spring.<\/p>\n<p class=\"wp-block-paragraph\"><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/4593926\/majority-trump-tax-breaks-earn-less-100000-treasury\/\"><strong>MAJORITY WHO CLAIMED NEW TRUMP TAX BREAKS EARN LESS THAN $100,000, TREASURY SAYS<\/strong><\/a><\/p>\n<p class=\"wp-block-paragraph\">Republicans are hoping that the boost from the tax-cut bill signed by Trump last July will help allay voter fears about the economy and buoy the party in the midterm elections. Democrats, meanwhile, are hammering Trump and the GOP on the rising cost of living \u2014 the same factor that doomed President <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/joe-biden\/\" type=\"post_tag\" id=\"471\">Joe Biden<\/a> in his bid for reelection. <\/p>\n<\/div>\n<\/article>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The economy added 172,000 jobs in May; unemployment held at 4.3%<\/p>\n","protected":false},"author":4133,"featured_media":2610989,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/06\/May-jobs.jpg?w=696","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[9168,45674,36995,36205],"class_list":["post-2610988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-economy","tag-energy-crisis","tag-jobs-report","tag-labor-market"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/06\/May-jobs.jpg?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2610988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/4133"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2610988"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2610988\/revisions"}],"predecessor-version":[{"id":2610992,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2610988\/revisions\/2610992"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2610989"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2610988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2610988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2610988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}