By PAUL WISEMAN and ANNE D'INNOCENZIO - AP Business Writers
Updated
U.S. employers added a surprising 172,000 jobs in May as the labor market continued to show resilience in the face of rising costs from the Iran war. The Labor Department reported Friday that job growth was down slightly last month from a revised 179,000 in April. The unemployment rate stayed at a low 4.3%. The job market has been recovering this year from a miserable 2025, so far shrugging off higher energy prices and increased economic uncertainty since the United States and Israel attacked Iran in late February.
Russian President Vladimir Putin has rejected a proposal by Ukrainian President Volodymyr Zelenskyy for a face-to-face meeting, saying he sees “no point” in it. Speaking Friday at the St. Petersburg International Economic Forum, Putin described Zelenskyy’s open letter proposing the meeting as “boorish.” It was the first public message Zelenskyy has sent directly to Putin since Russia sent troops into Ukraine in 2022 and was a critique of the Russian leader’s 26 years in power as well as taunting him about his age. The 73-year-old Putin pointed at other global leaders who are older, adding that “the main thing is the ability to work.” In an earlier speech, Putin criticized the West's unilateral sanctions.