U.S. Labor Market Slowing Down, Only Adding 75,000 Jobs in May

Hiring in the U.S. has slowed down and the results have experts worried about a slowing economy.

The Labor Department reports just seventy-five thousand new jobs in May.

That’s much less than the expected one-hundred-fifty-thousand and economist are concerned the numbers show the economy could be slowing down.

There was some good new in the numbers. The economy is still adding jobs in manufacturing. That’s the part of the economy that’s most likely to be impacted by on-going trade frictions with Mexico and China.

Unemployment held steady at 3-point-6 percent, meaning joblessness is still hovering near a half-century low.


Source: NewsNet | U.S. Labor Market Slowing Down, Only Adding 75,000 Jobs in May