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Friday’s US jobs report likely will show hiring cooled in May. Here’s what to expect
There seems little doubt now that hiring slowed considerably in May as companies and consumers braced for higher tariffs and elevated economic uncertainty. The main question is by how much. A small dip from the recent trend likely wouldn’t be viewed as worrisome. But anything beyond that could set off a fresh round of fears about the labor market and broader economy, possibly pushing the Federal Reserve into a quicker-than-expected interest rate action. Economists expect that when the Bureau of Labor Statistics reports the May nonfarm payroll numbers Friday at 8:30 a.m. ET, they will show a gain of just 125,000, ... (full story)