The May Report: The growth of the slowdown continued in May, amid economic uncertainty

The American economy added jobs in May at a slower pace than in the past two months, as uncertainty about the direction of trade, tax and monetary policy caused the decline in employers at employment.

The Ministry of Labor stated on Friday that employers He added 139,000 jobs in May. This number was a little higher than the Economists included in LSEG, who added 130,000 jobs – although it was cooler than the initial report of 177,000 jobs that were added in April or 185,000 jobs obtained in March.

the Unemployment It was 4.2 %, unchanged from the past two months and in line with the estimate of LSEG.

Job gains have been reviewed in the past two months, where job creation has been revised in March by 65,000 from a profit from 185,000 to 120,000; And job gains in April, it was revised by 30,000 from a profit from 177,000 to 147,000. Completely, employment was in March and April less than 95,000 than before.

Private sector salaries have grown 140,000 in May – much higher than 120,000 estimated by LSEG.

Government salaries decreased by 1,000 jobs in May across all levels of government. The federal government has delivered 22,000 jobs, leaving this sector in 59,000 jobs since January, and the work statistics office indicated that workers with paid leave or obtaining the end of the continuous semester salaries are calculated in general in the corporate survey. The local government added 21,000 jobs in May, while the state government workers did not change.

The manufacture of 8,000 jobs in May, a deeper decrease than the 5000 Economists expected.

Healthcare added 62,000 jobs in May, at a faster rate than the average monthly profit of 44,000 during the past year. Hospital gains (+30,000), ambulance health care services (+29,000) and skilled nursing facilities (+6000) were focused.

Employment in the entertainment and hospitality sector increased by 48,000 in May, with the largest part of the gains in food services and drinking places (+30,000). May gains were much higher than an average of 12 months of 20,000 jobs.

Employment for social assistance increased by 16,000 jobs in May, with this growth in individual and family services.

The workforce participation rate fell 0.2 percentage points to 62.4 % in May.

This is a developing story. Please check again for updates.