U.S. Job Growth Slows in May, Fed Expected to Hold Rates Steady Amid Uncertainty
U.S. job growth decelerated in May as employers navigated continued uncertainty over trade policy and fiscal wrangling in Washington, according to data released Friday by the Labor Department. The economy added 139,000 jobs last month, down from a downwardly revised 147,000 in April, but still above economists’ median forecast of 126,000.
