The US added 272,000 jobs in May, much more than the 180,000 economists polled by Bloomberg were expecting. The unemployment rate ticked higher to 4.0% from 3.9%. Average hourly earnings also rose more than expected, 0.4% month-over-month versus the expected 0.3%. Year-over-year, average hourly earnings rose 4.1% compared to a 3.9% estimate.

Yahoo Finance's Seana Smith and Brad Smith report the breaking data.

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This post was written by Stephanie Mikulich.