On June 5, it was reported that the U.S. economy achieved strong employment growth again in May, confirming that the labor market is gaining momentum after experiencing a downturn last year, and may provide the Federal Reserve with more leeway to maintain interest rates amid rising inflation triggered by the war with Iran. Data released by the U.S. Bureau of Labor Statistics on Friday showed that non-farm payrolls increased by 172,000 in May, while the April increase was significantly revised up from the previously reported 115,000 to 179,000. The employment growth in May continued the strong momentum of the previous two months. The unemployment rate remained at 4.3% for the third consecutive month. The improvement in employment growth mainly reflects that the level of layoffs remains low. There are currently no signs that the Middle East conflict, which has caused oil prices and the prices of goods transported through the Strait of Hormuz to soar, has had a substantial impact on the U.S. job market. Despite the strong performance in employment growth, the labor market is still in what economists refer to as a 'low hiring, low layoffs' equilibrium.