The United States remained close to full employment in May, with an unemployment rate at 4.2%, even if the labor market was a little less vigorous, according to official data published on Friday. The world’s main economy created 139,000 jobs last month, less than in April (147,000, a clearly revised downward figure), but more than expected by finance players (around 125,000, according to the consensus published by Marketwatch).
“Employment has continued to progress in the fields of health, leisure and hotels and restaurants and restaurants, as well as social services. The federal state has continued to lose jobs,” the Ministry of Labor said. Since his return to power in January, President Donald Trump has been working to reduce the size of the administration. This has 22,000 less jobs in May and 59,000 since January, on a salary bill of almost 3 million, including postal services.
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Analysts hope to see that the labor market continues to decrease with the new customs of the American Executive, which destabilize the sections of the economy. “We have not yet seen the impact of customs tasks. And we will probably not see it for several months,” Dan North, a economist at Allianz Trade North America, told AFP. He believes that the effect is much less linear since customs policy is “erratic.”
On Wednesday, a lack of breath of employment creations in the private sector, reported by the ADP indicator, took Donald Trump out of its Gonds, which once again had called the Federal Reserve (Fed) to reduce interest rates “now” to give a boost to the economy.
Source: BFM TV
