The U.S. jobs report for May showed a sharp decline in the pace of hiring, adding to concern that the economy is slowing. The report said 75,000 jobs were created last month; analysts had expected a gain of about 175,000 jobs. It also revised previous months’ numbers down by 75,000, meaning that the blockbuster spring job creation rates were considerably more modest. Jobs in manufacturing and construction, like that above in Miami, were among the industries that slowed to a crawl.

Source: International New York Times June 07, 2019 21:33 UTC