Hiring slowed in May as Trump's tariffs fluctuated

[groundloop]

This discussion thread was locked as off-topic by Lasher (a host of the Latest Breaking News forum).

Source: ABC News

Hiring slowed but remained sturdy in May as businesses warned of uncertainty tied to President Donald Trump's on-again, off-again tariff policy, federal government data on Friday showed. The reading exceeded economists' expectations.

The U.S. added 139,000 jobs in May, according to data from the U.S. Bureau of Labor Statistics. That figure marked solid growth but a slowdown from 177,000 jobs added in the previous month. The unemployment rate stood unchanged at 4.2%, a historically low figure.

Hiring in May registered slightly lower than an average monthly gain of 149,000 over the previous 12 months.

Federal government employment declined by 22,000 jobs in May, bringing total losses in the federal government to 59,000 since January, when Trump established the Department of Government Efficiency, or DOGE. The Elon Musk-led organization has sought to slash federal spending, in part by eliminating some federal jobs.

Read more: https://abcnews.go.com/Business/job-growth-expected-slowed-trumps-tariffs-fluctuated/story?id=122527644

[progree]

1. 29 replies at this moment on the earlier LBN thread about today's jobs report

at https://www.democraticunderground.com/10143472693

Incidentally, the ABC story is wrong. The 177k jobs gain in April was revised down in today's report to 147k.

The two previous months were revised down by a combined 95k. Considering these downward revisions, there are only 44k more jobs than were reported in last month's report (released 5/2).

Anyway all that is at the earlier LBN thread including links to sources (not something I scraped off of Tik Tok)..

[Lasher]

2. Locking LBN dupe.

Please continue discussion in this earlier thread.