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U.S. adds 139K new jobs in May, but numbers down from April – National [Video]

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Canadian National News

U.S. employers slowed hiring last month, but still added a solid 139,000 jobs amid uncertainty over President Donald Trump’s trade wars.

Hiring fell from a revised 147,000 in April, the Department of Labor said Friday. The job gains last month were above the 130,000 that economists had forecast, but revisions shaved 95,000 jobs from March and April payrolls.

The unemployment rate stayed at a low 4.2 per cent.

Healthcare companies added 62,000 jobs and bars and restaurants 30,000. The federal government shed 22,000 jobs, however, the most since November 2020, as Trump’s job cuts and hiring freeze had an impact. And factories lost 8,000 jobs last month.

Average hourly wages rose 0.4 per cent from April and 3.9 per cent from a year earlier – a bit higher than forecast.

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Trump’s aggressive and unpredictable policies – especially his sweeping taxes on imports – have muddied the outlook for the economy and the job market and raised …

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