US hiring slows amid trade rifts and weaker global economy

 


WASHINGTON (AP) — U.S. hiring stumbled in May as employers added just 75,000 jobs, a sign that businesses have become more cautious in the face of weaker global growth, widening trade conflicts and perhaps some difficulty finding enough workers.

Last month's modest job gain followed a much healthier increase of 224,000 in April. The Labor Department said Friday that the unemployment rate remained at a nearly 50-year low of 3.6%.

The tepid job growth, along with rising pressures on the economy, makes it more likely that the Federal Reserve will cut rates in the coming months. Bond yields f...



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