Employers added 172K jobs last month, sign of resilience amid Iran war
The job market has been recovering this year from a miserable 2025, so far shrugging off higher energy prices and increased economic uncertainty

Hiring in the US surged in May. 172,000 jobs were created topping all forecasts. The estimate was for 88,000. The unemployment rate held steady at 4.3%. Bloomberg's Michael McKee has more on this blowout report on Bloomberg Surveillance. (Source: Bloomberg)
The job market has been recovering this year from a miserable 2025, so far shrugging off higher energy prices and increased economic uncertainty
President Trump on Friday pushed back on inflation concerns driven by a strong jobs report, arguing robust growth should be viewed as a positive for markets. “With a great Jobs Report, like just announced, stocks should go up, not down,” Trump wrote on Truth Social. “That’s the way it was for 200 years. Growth does…
President Donald Trump has faced barely any pushback from those within his Cabinet, having prioritized loyalty so intense that members have risked physical injury just to appease him, according to a report Friday. Slate writer Ian Prasad Philbrick came to his conclusion after conducting an experiment: he purchased a pair of Florsheim Shoes, the same kind Trump had purchased for his entire Cabinet who are “afraid not to wear them,” a White House aide previously told The Wall Street Journal. As part of his experiment, Philbrick walked 10 miles around Washington, D.C. in his new pair of Florsheim dress shoes – footwear that costs $145 and is “decidedly midtier” — and was left with significant “damage” to his feet.“The balls of both feet and the ends of both pointer toes had been mashed into misshapen blisters,” Philbrick wrote. “The skin on both heels and a patch below my right pinkie had worn away, leaving behind angry pink abrasions. My feet were still aching when I boarded my flight home the next day.”Trump has also reportedly purchased the shoes for his top officials without asking their shoe size, leading to Secretary of State Marco Rubio being spotted with what appears to be footwear that's far too large — shoes in which Rubio’s feet “were positively swimming,” Philbrick quipped. Rubio was even mocked this week for having continued to wear the “too big” shoes by Rep. Sara Jacobs (D-CA), to which Rubio defensively insisted they “fit fine.”That Trump’s cabinet was willing to “risk mangling their own feet” just to appease their boss, Philbrick concluded, was an apt metaphor for the Trump 2.0 administration as a whole.“An ill-fitting pair of shoes turns out to be a fitting talisman of the political world we’ve collectively inhabited since 2016,” Philbrick wrote.“In this world, a president who should be focused on passing legislation or negotiating with Iran is acting as his adjutants’ personal stylist – the most loyal of whom are so submissive that they’re willing to risk mangling their own feet just to follow in his footsteps. Our emperor may have no clothes. But he does have Florsheims.”
U.S. employers added jobs for the third month in a row in May, while the unemployment rate held steady at 4.3%. But wage gains softened and likely failed to keep pace with rising prices.
A new jobs report exceeded expectations despite the U.S. economy facing inflation and record debt. U.S. payrolls rose by 172,000 last month, far above the Dow Jones’ 80,000 […]
The ceasefire has held just enough to prevent a return to all-out war, but neither side is close to achieving peaceThe US-Iran ceasefire is entering yet another round of escalation since it came into effect on 8 April. This week, there have been further strikes on Iran by the US, and Iranian retaliation on Kuwait and Bahrain, alongside Israeli escalation in Lebanon. Earlier flare-ups over the past two months were quickly contained. Both sides have tried to keep the balance between no war and no peace. But as this ceasefire drags on it risks becoming yet another Middle East stalemate, albeit one with international economic and political consequences.Four obstacles are preventing progress. The first is trust. Iran does not believe Donald Trump can deliver a deal, much less stick to one. The fear is not only that Washington will walk away again but that the goalposts will keep moving, where first nuclear limits are imposed, followed by missiles, then regional policy and finally further political concessions dressed up as security guarantees.Sanam Vakil is the director of the Middle East and North Africa programme at Chatham HouseDo you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading...
The latest United States-brokered ceasefire in Lebanon did not last a day, with columns of smoke rising from Tyre in South Lebanon from new Israeli strikes. It’s a setback to President Donald Trump’s efforts to achieve a peace deal with Iran. NBC’s Richard Engel reports for TODAY.
As the war with Iran drags on with no conclusion in sight and its consequences continue to spin out, former Defense Secretary and CIA Director Leon Panetta has a dire assessment of the situation: the conflict in the Middle East is “Trump’s Vietnam.”Panetta — who presided over the Pentagon during the Obama administration and helped lead the operation that killed Osama bin Laden — delivered this alarming appraisal on Thursday while appearing on CNN to discuss the faltering U.S.-Iranian peace talks, saying, “I think what you're seeing is that this war is very much turning into Trump's Vietnam. In Vietnam, we negotiated, but in the end, the North Vietnamese took total control. We were lucky to get our forces out. I think we're heading in the same direction with this war.”Spanning 1955 to 1975, the Vietnam War famously became a quagmire from which the U.S. could not extract itself, resulting in the deaths of nearly 60,000 Americans and millions of Vietnamese and other Southeast Asians. The conflict left a major stain on the U.S. reputation, and it is today invoked when discussing intractable wars with particularly severe political fallout. Commentators have increasingly raised the specter of Vietnam as the war with Iran has ground on, but Panetta’s assertion raises the volume of such talk. “In Vietnam, we never got a straight story from the administration as to what was happening,” said Panetta when asked what brought him to his conclusion. “And I'm not sure we're getting a straight story right now from this administration as to what's happening in negotiations with Iran.” He also noted that though US-Vietnamese negotiations went on for some time, resolving some issues, “in the end, North Vietnam won that war.”He projected that something similar will happen with Iran.“What I sense here is that no matter what we try to negotiate with a hardline regime in Iran, they're going to be in control of the Straits of Hormuz," he warned. "And they are going to do everything they can to try to continue enrichment so that ultimately, they can develop a nuclear weapon.”Panetta went on to note another parallel between the wars in Iran and Vietnam: a presidential tendency to miscalculate how easily the confrontation would be won. “At the very beginning of this war, the president said, based on Israeli assurances, that once the leadership was killed, that within a few days the regime would collapse,” Panetta explained. “That did not happen. Our intelligence made very clear that was never going to happen, so it was a terrible miscalculation.”With all this in mind and the shadow of Vietnam looming, Panetta’s conclusion was not optimistic: “The hardline regime remains in power, and as long as they are in power, whatever we try to negotiate, very frankly, is only going to be temporary. I think where we're headed is some kind of flimsy agreement here, but in four or five years, I think the United States and Israel may very well have to go back to war with Iran.” - YouTube www.youtube.com