PANews June 6 news, according to Jinshi reports, the U.S. Bureau of Labor Statistics released data on Friday showing that non-farm payrolls increased by 139,000 in May (previous value revised down to 147,000), exceeding market expectations of 130,000. Employment growth continues to slow under the impact of trade policy uncertainty, and the unemployment rate has remained at 4.2% for the third consecutive month, which may provide the Federal Reserve with policy space to delay interest rate cuts. The U.S. economy needs to create about 100,000 jobs each month to keep up with the growth of the working-age population. With U.S. President Trump revoking the temporary legal status of hundreds of thousands of immigrants in his crackdown on immigration, this number may decline. Much of this year’s job growth reflects companies hoarding workers as Trump wavers on tariff issues, economists say, which hinders companies' ability to plan ahead. The opposition of hardline conservative Republicans in the U.S. Senate and Musk to Trump's tax cuts and spending bill adds another layer of uncertainty for businesses. Employers' reluctance to lay off workers could lead the Federal Reserve to remain on the sidelines until the end of the year. Financial markets expect the Federal Reserve to keep the benchmark overnight interest rate unchanged in the 4.25%-4.50% range this month and to resume easing policies in September.
