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The US economy added only 75,000 jobs in May, a surprisingly low number that was well below what experts had predicted.Meanwhile, the unemployment rate remained at 3.6%, meaning that joblessness is still hovering near a half-century low.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.Still, economists had expected 185,000 jobs added in May, so 75,000 fell far short of those expectations.The share of people who have jobs or are looking for them remained the same, suggesting that the low number may stem from the difficulty of finding workers after 104 months of continuous job creation. The share of people who can't find enough hours or stopped looking for work because they couldn't find a job decreased to 7.1%, nearing the lowest level on record, 6.8% in October 2000.Wage growth also decelerated slightly, with average hourly earnings rising 3.1% from a year earlier, down from a 3.2% rate a month earlier.Health care and professional and business services were singular bright spots in the report, and have added nearly 900,000 jobs over the past year between them.But construction, mining and manufacturing showed little change from April. Manufacturing has been particularly weak over the past several months, and measures of business confidence in the sector have reached cycle lows as President Donald Trump threatens new tariffs on Mexico. 1603
The United States has escalated its trade war with China, hiking tariffs on 0 billion worth of Chinese exports hours after trade talks held in Washington 169
TUCSON, Ariz. — An Arizona man is facing federal murder charges after investigators say he poured hot water down a 6-year-old's throat, 148
The success of Team USA at the Women's World Cup in France is translating to more fans at soccer fields across America.The Chicago Red Stars, who currently rank No. 3 in the National Women's Soccer League, 217
The Trump administration is canceling an billion health care grant for New York, Gov. Andrew Cuomo said Monday.The funding was initially granted in 2014, and allowed the state to transition from a hospital-driven system to a more cost-effective, community-based system, according to the governor. The lack of grant money will cost New York 0 million in 2020, Cuomo said, adding that the Medicaid program will be hit hard.“If there's one area that you'd think should be beyond politics, it's health care,” Cuomo said during a news conference on Monday. “These are needy New Yorkers; they're primarily senior citizens, who are hurt.”Cuomo denounced the decision as President Donald Trump’s latest attack on New York, pointing out the recent suspension of the state’s participation in the 804