Economy beat expectations with 173,000 jobs in May despite Iran energy crunch

The economy added 173,000 new payroll jobs in May, the Bureau of Labor Statistics reported Friday, as businesses shrugged off the energy supply shock from the war with Iran.

The unemployment rate remained at 4.3%.

Forecasters had expected payroll job growth to slow to 85,000.

Friday’s report is likely to provide a shot in the […] ...