US job growth likely slowed in May amid trade uncertainty

In May, the U.S. job market is anticipated to show signs of deceleration, with job gains projected to slow down. Despite this potential dip, the three-month average for job growth is expected to remain robust at around 162,000, suggesting that the labor market is still on solid ground. This comes amid ongoing trade uncertainties that have cast a shadow over economic forecasts and business investments. The anticipated slowdown in job creation is reflective of broader economic concerns, particularly those related to international trade tensions. These uncertainties have prompted businesses to approach hiring with caution as they navigate an unpredictable global market. While the overall employment rate continues to hold steady, analysts are closely monitoring these developments for any long-term impacts on economic stability. Economists assert that while a deceleration in job growth might raise eyebrows, it does not necessarily signal an impending downturn. The U.S. economy has shown resilience in the face of trade challenges, and the labor market's underlying strength remains a positive indicator. As policymakers and businesses adapt to evolving trade dynamics, the focus remains on sustaining economic momentum and ensuring continued job creation.

— Authored by Next24 Live