by Kyle Ziemnick
Posted 6/07/19, 11:27 am
The U.S. Labor Department reported that the economy gained only 75,000 jobs in May, a significant decrease from April’s 224,000. Economists had projected a gain of 185,000 jobs. Unemployment remained at its nearly 50-year low of 3.6 percent.
Slower overall global market growth and trade battles in the United States could be responsible for the more sluggish numbers. Companies are also buying less high-end machinery and equipment, a sign of caution about the economy.