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[h=1]US economy added only 75,000 jobs in May[/h]
2018 wasn't "blistering" in terms of job gains. Here is the YTD gains by year starting in 2010. Of the ten years, five were similar to 2018.
The report supports suspicions that the labor market is finally slowing down from its blistering pace in 2018, with revisions to the past two months subtracting 75,000 jobs. Employers have added 164,000 jobs per month on average in 2019, compared with 223,000 jobs per month last year.
International trade tensions are fueling concerns that the high-flying economy may be in for a fall. President Donald Trump's threat to impose tariffs on Mexico following additional tariffs on China, could send the global economy toward a recession, some economists warn. Those jitters could explain why hiring has been volatile over the last several months.
2018 wasn't "blistering" in terms of job gains. Here is the YTD gains by year starting in 2010. Of the ten years, five were similar to 2018.
2010 | 862 |
2011 | 881 |
2012 | 1,037 |
2013 | 1,026 |
2014 | 1,143 |
2015 | 1,157 |
2016 | 782 |
2017 | 861 |
2018 | 1,149 |
2019 | 820 |