US job growth might have picked up in May despite trade rift

FAN Editor

U.S. employers are thought to have hired at a solid pace in May and helped extend the economy’s nearly nine-year expansion — the second-longest on record — despite uncertainty caused by trade disputes.

Economists have forecast that employers added 190,000 jobs last month and that the unemployment rate remained at a 17-year low of 3.9 percent, according to data provider FactSet.

Continue Reading Below

The Labor Department’s May jobs report will be released at 8:30 a.m. Eastern time.

Solid hiring data would coincide with other evidence that the economy is on firm footing after a brief slowdown in the first three months of the year. The economy grew at a modest 2.2 percent annual rate in the January-March quarter, after three quarters that had averaged roughly 3 percent annually.

Free America Network Articles

Leave a Reply

Next Post

Fiji prosecutors appeal verdicts in newspaper sedition case

article Prosecutors in Fiji are appealing a judge’s acquittal of a newspaper publisher and an opinion writer on sedition charges. Continue Reading Below The case has major implications for press freedom in the South Pacific nation, where many media outlets kowtow to the government. Lawyers on Friday were served with […]