US hiring slows sharply in May as trade tensions worsen
8 June 2019; AFP: Against the backdrop of worsening trade conflicts, US job creation slowed sharply in May, adding to evidence the economy is weakening and raising expectations the Federal Reserve could cut interest rates soon.
Hiring dried up in major industries and wage growth stagnated, and because job growth was worse than previously reported in March and April, hiring was essentially flat last month, the Labor Department reported Friday.