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. This may provide the Federal Reserve with more leeway to maintain interest rates amid rising inflation triggered by the war with Iran. The U.S. Bureau of Labor Statistics released data on Friday showing that non-farm payrolls increased by 172,000 in May, with the April increase revised significantly upward 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 primarily reflects that layoff levels remain low. There are currently no signs that the Middle East conflict, which has caused a surge in oil prices and the prices of goods transported through the Strait of Hormuz, has had a substantial impact on the U.S. job market. Despite the strong performance in employment growth, the labor market remains in what economists describe as a 'low hiring, low firing' equilibrium.