US releases private sector employment data.

Specifically, the private sector in the US created approximately 109,000 new jobs, a significant increase from the 61,000 of the previous month and also higher than Dow Jones' forecast. While overall growth was quite positive, there was a considerable disparity between sectors, with more than half of the new jobs created concentrated in the healthcare and education sectors, followed by trade and transportation. Notably, the manufacturing sector only grew by about 2,000 jobs, despite the government's efforts to bring manufacturing jobs back to the US.

According to data released by the U.S. Bureau of Labor Statistics (BLS) on May 5, the hiring rate increased to 3.5% in March 2026 – the fastest pace in two years and up from 3.1% in February.

Matthew Martin, a senior economist at Oxford Economics, wrote in a research report that when considering the three-month average of the hiring rate, the figure is “almost flat compared to the beginning of the year, suggesting it may have bottomed out after four years of decline.”

According to the BLS, hiring activity was strong in several sectors: transport, warehousing and utilities added 108,000 jobs in March, while professional and business services added 165,000, and accommodation and food services added 124,000 jobs.

Additionally, according to BLS data, the rate of workers voluntarily quitting their jobs increased slightly to 2% in March from 1.9% in February. Workers often quit to move to new jobs, so economists often view this indicator as a measure of their confidence in finding new employment.

Furthermore, despite 2025 being the worst year for job growth outside of a recession in over 20 years, businesses added 178,000 new jobs in March, the highest monthly figure since 2024.

The ongoing conflict in the Middle East has caused a shock to oil supply, leading to widespread increases in energy prices. The average price of gasoline in the US rose to $4.45 per gallon as of May 4th, compared to $2.94 per gallon on February 23rd, just before the war began – an increase of approximately 51% in just two months.

According to senior economist Matthew Martin, while it is “too early to see the negative impacts of the war on the labor market data released on May 5th,” higher oil prices risk reducing consumer demand by weakening household spending. In addition, businesses are likely to continue cutting hiring plans due to increased uncertainty, thus delaying a sustained recovery in employment rates. The US/Israel-Iran war will test the labor market.

Source: https://vtv.vn/my-cong-bo-du-lieu-viec-lam-tu-nhan-100260506232158045.htm