The upcoming U.S. jobs report for May is expected to reflect a continued slowdown in hiring, though not yet a significant downturn. Economists anticipate the addition of 125,000 jobs, down from an average of 193,000 over the past six months. This would maintain the unemployment rate at 4.2%. Despite some indicators pointing to a cooling labor market, such as rising unemployment claims and fewer job openings, businesses remain cautious about layoffs. Instead, they are adjusting hours and schedules to manage costs. The Federal Reserve is closely monitoring these developments as it considers interest rate adjustments amidst broader economic uncertainties.
— new from The New York Times
