U.S. job growth exceeds expectations, adds 139,000 jobs in May
The U.S. job market added 139,000 jobs in May, according to a new report, while President Donald Trump and some economists argue the number could have been even higher.
The U.S. job market added 139,000 jobs in May, according to a new report, while President Donald Trump and some economists argue the number could have been even higher.
The U.S. job market added 139,000 jobs in May, according to a new report, while President Donald Trump and some economists argue the number could have been even higher.
New jobs numbers are out, and they're much better than expected. , employers added 139,000 jobs in May, surpassing expectations.
Analysts and President Donald Trump believe the number could have been even higher.
Trump says high interest rates are keeping the economy down. On Wednesday, , saying on social media that he was "too late" lowering interest rates, which stunted consumer spending.
But markets and other data suggest the president's on-again, off-again tariffs are taking a toll. While the job market has been resilient and openings were on the rise in April, other data are showing cracks. This week, more reporting showed and — signs that people are less confident about their job prospects.
The president, who , still has markets rattled amid his unresolved trade war.
On Thursday, in hopes of moving trade talks forward.
"We're in very good shape with China and the trade deal," Trump told reporters Wednesday at the White House. "We have a deal with China, as you know, but we were straightening out some of the points."
Trump says a team of U.S. negotiators will meet "shortly" with their Chinese counterparts to resume stalled trade talks. The negotiations with China have shown little progress ever since both countries temporarily lowered tariffs last month. If a deal isn't reached by mid-August, the United States' triple-digit tariffs will return.
Trump's so-called "reciprocal tariffs" on more than a hundred countries are a little over a month away from expiring. The White House says it is on track to announce dozens of deals soon. In the meantime, most imports from China are being taxed an extra 30% and 10% from almost everywhere else.
Friday's jobs report also shows the government overestimated the number of jobs created in the last two months by 95,000 positions, or about 30%.