U.S. Economy Adds Only 75,000 Jobs In May, Two Prior Months Revised

Only new 75,000 positions were added to the U.S. economy in May as the labor market continues to tighten and several states push into job loss territory amid concerns that the Trump administration’s ongoing trade wars with China and Mexico is eroding payroll growth.

The U.S. Bureau of Labor Statistics also on Friday revised the previous robust job growth totals in March and April to only 152,000 and 224,000, respectively. That downward revision from job additions of 189,000 and 263,000 in those months means there were 75,000 fewer jobs added to the economy than previously reported.    MORE

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