U.S. Payrolls, Wages Cool as Trade War Weighs on Economy

Monday, June 10, 2019 | Tag Cloud Tags: , , , , , , ,

(Worthy News) - U.S. employers added the fewest workers in three months and wage gains cooled, suggesting broader economic weakness and boosting expectations for a Federal Reserve interest-rate cut as President Donald Trump’s trade policies weigh on growth.

Nonfarm payrolls rose 75,000 in May after a downwardly revised 224,000 advance the prior month, according to a Labor Department report Friday. The increase missed all estimates in Bloomberg’s survey calling for 175,000. The jobless rate held at a 49-year low of 3.6% while average hourly earnings climbed 3.1% from a year earlier, less than projected. [ Source: Bloomberg (Read More...) ]

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1 thought on “U.S. Payrolls, Wages Cool as Trade War Weighs on Economy”

  1. But one of the results of this trade war is that Americans will start buying more American. Which is an idea we Americans should already be doing, actually. And that's going to warm up the economy.

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