Hiring slowed in May, as employers added 139,000 jobs

Hiring slowed last month, as President Trump's tariffs and federal job cuts began to weigh on the U.S. economy.

Employers added 139,000 jobs in May, according to a report released Friday by the Labor Department. That's a modest downshift from the previous month. Job gains in March and April were also revised down by a total of 95,000 jobs.

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The unemployment rate held steady at 4.2%, but the workforce shrank by 625,000 people.

Hospitals, restaurants and transportation companies continued to add workers in May. The federal government cut another 22,000 workers, although that was largely offset by hiring in state and local governments. Federal employment has fallen by 59,000 since the beginning of the year.

Factories also cut 8,000 jobs in May. A survey of factory managers