U.S. adds a much-better-than-expected jobs in May

KEY POINTS
•Nonfarm payrolls expanded by 272,000 for the month, up from 165,000 in April and well ahead of the Dow Jones consensus estimate for 190,000.

•Job gains were concentrated in health care, government, and leisure and hospitality, consistent with recent trends.

•Average hourly earnings were higher than expected as well, rising 0.4% on the month and 4.1% from a year ago.