May was a good month for the American labor market. So was April, and so was March. The economy is once again adding tens of thousands of new jobs across a range of industries—just don’t call it a boom. Last year, America’s job market was trapped in what my colleague Rogé Karma described as the Big Freeze . Unemployment was low—people who wanted jobs largely had them—but finding new work was difficult: The hiring rate was as slow as it had been since the start of the pandemic. Now we’re in