Job creation is not roaring in the U.S., but it is running well ahead of expectations. The economy created 172,000 jobs in May, employment data shows. CBS News MoneyWatch correspondent Kelly O'Grady has more.

The government’s latest employment report has revealed that hiring trends in the United States were far stronger than expected in May, and that unemployment is holding steady despite fears that the war with Iran and other economic headwinds could be translating into difficulty for America’s labor market.

For the third month in a row, the jobs report showed strong payroll gains. WSJ’s Matt Grossman on why the report paints an optimistic picture for the U.S. labor market.

Americans say it's tough to find a job, but employers just added a surprisingly strong 172,000 new hires in May.

US jobs growth was way better than expected last month. The world’s biggest economy added twice as many jobs as economists had forecast: 172,000 versus predictions of around 88,000. Many of the new jobs were in the hospitality sector as pubs,

An early Memorial Day had Americans firing up the grill sooner than usual. It might have helped fire up the jobs report, too. Friday’s report showed the economy added a seasonally adjusted 172,000 jobs last month,

A stronger-than-expected jobs report sent Wall Street tumbling as investors increasingly bet on rate increases from the Federal Reserve.

The May report blew past estimates of around 80,000 job gains, as the economy shows signs of momentum after a patch of job losses in the fall and winter.