KEY TAKEAWAYS:

U.S. added 139,000 jobs in May, below April’s 147,000

Labor force shrank by 625,000, biggest drop since 2023

Trump’s tariffs raise inflation concerns and hiring uncertainty

Fed likely to delay rate cuts amid mixed economic signals

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.

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 mo

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