US jobs market slows down as businesses cope with Trump trade war uncertainty
US jobs market slows down as businesses cope with Trump trade war uncertainty

US jobs market slows down as businesses cope with Trump trade war uncertainty

May’s jobs report was dragged down by loss of 22,000 federal workers’ jobs as Doge cut positions
The US economy added 139,000 jobs in May, a slowdown compared with recent months as American businesses cope with uncertainty around Donald Trump’s continuing trade war.
After signs of a strong labor market in April – which was largely seen as resiliency against teetering trade policy from the White House – May saw a drop in new jobs added to the labor market, according to new data from the Bureau of Labor Statistics. The unemployment rate remained steady at 4.2%, unchanged from last month.
May’s jobs report was dragged down by the loss of 22,000 federal workers’ jobs as the Trump administration used the so-called “department of government efficiency” (Doge) to cut government positions. Since January, 59,000 Federal jobs have been cut.