US Job Growth Expected to Moderate in May Amid Economic Uncertainty
The U.S. labor market is expected to show slower but steady job growth in May after two months of strong gains. Economists anticipate the nonfarm payrolls report will reflect a moderation, with an estimated 85,000 jobs added compared to April's 115,000 and March's surge of 185,000. Despite ongoing geopolitical tensions and rising fuel prices, fiscal stimulus in the form of tax refunds has helped maintain stability.
Topics: inflation impact labor market conditions tariff refunds U.S. jobs report