May 2019 Jobs Report
Summary from the AllSides News Team
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From the Left
Job growth sputters in May, but Wall Street rallies as investors bank on Fed rescue
Hiring cooled in May, the Labor Department reported Friday, as firms appeared more hesitant to bring on new employees amid the uncertainty and concern over President Trump escalating the trade war with China.
The U.S. economy added 75,000 jobs in May, a significant pullback from 224,000 jobs added in April that is likely to heighten fears that the trade war is taking a greater toll. The unemployment rate remained at a five decade low of 3.6 percent.
Manufacturing and construction saw anemic job growth in May with less than 5,000...
From the Center
U.S. Added 75,000 Jobs in May as Hiring Slowed
Employers tapped the brakes on hiring in May, signaling companies are taking a more cautious approach at a time of slowing global growth and trade tensions and adding to other signs of slowing U.S. economic growth this spring.
The economy added 75,000 jobs in May, marking the 104th straight month of gains, but pulling back from two months of stronger hiring, the Labor Department said Friday. The jobless rate held steady at 3.6%, a near-50-year low.
Wages were up 3.1% on the year in May. Annual pay gains appear to...
From the Right
Job Growth Slows Sharply as Payrolls Add 75K, Wage Gains Moderate
U.S. job growth slowed sharply in May and wages rose less than expected, suggesting the loss of momentum in economic activity was spreading to the labor market, which could increase calls for the Federal Reserve to cut interest rates this year.
The cool-off in hiring reported by the Labor Department on Friday was even before a recent escalation in trade tensions between the United States and two of its major trading partners, China and Mexico.
Economists have warned that the trade fights could undermine the economy, which will celebrate 10...
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