Job Growth Mediocre in May, Job Estimates Revised Downward for March and April
U.S. payroll growth slowed modestly in May as employers added 139,000 jobs amid uncertainty about President Trump's sweeping import tariffs, federal government layoffs and immigration crackdown.
The unemployment rate held steady at 4.2%, the Labor Department said Friday.
Before the report’s release, economists surveyed by Bloomberg estimated that 125,000 jobs were added last month.
Job gains for March and April were revised down by a combined 95,000, portraying a weaker labor market that believed in late winter and early spring. March's total was downgraded from 185,000 to 120,000 and April's, from 177,000 to 147,000.
May jobs report released: Employers added 139K jobs; unemployment held steady
U.S. employers added 139,000 jobs in May as the unemployment rate held steady at 4.2x%
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