Employment Data Surpasses Expectations

United States: Non-farm payrolls for May increased by 272,000, surpassing the forecast of 185,000.
Canada: Employment change for May increased by 26,700, exceeding the forecast of 22,500.

As a result, both USD and CAD have strengthened significantly.

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US Employment Report Summary

June 5, 2026

US Employment Report Summary The May US Employment Report came in significantly stronger than market expectations. Key Results Nonfarm Payrolls (NFP) +172,000 jobs (Forecast: +88,000)

Employment Data Surpasses Expectations