The American economy experienced a slowdown in hiring, but no jump in unemployment last month when Donald Trump’s impact of trade war continues to take place.
Official data, which removes the effects of seasonal workers, showed that 139,000 new net jobs were created in May.
Market analysts and economists expected a figure of 130,000 – down on the 147,000 for April.
The unemployment rate remained at 4.2% and hourly remuneration rates increased.
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The figures have been published while the health of the American economy continues to attract an in -depth examination in continuous fears of a risk of recession in the greatest economy in the world due to the effects of the President trade war.
Unlike most of the economies developed, such a slowdown is not determined by two consecutive quarters of negative growth, but by a committee of respected economists.
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He is known as the dating committee of the economic cycle.
It uses employment data, as well as official growth figures, to reign over the state of the economy.
The threat of the prices and the first salvas of, the Asset The administration’s protectionist agenda was blamed for a net slowdown growing in the first three months of the year.
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Economists had trouble predicting official data due to the nature of price implementation and often chaotic.
As such, all official figures are eagerly awaited for the news of the impact of trade war on the domestic economy.
Other data from this week showed a record dive of 20% in American imports in April.
Next week sees the publication of inflation figures – the best measure of the question of whether the price increases of import rights are spawning a path through the supply chain and harm the power of expenditure of companies and consumers.
This is key information for the American central bank.
He took a break in interest rate drops, to the fury of the president, on the uncertainty of the trade war.
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An OECD forecast based in Paris this week highlighted the chances of consumer price inflation more than 4% later in the year.
It is currently at an annual rate of 2.3%.
The fears of an American recession and a trade uncertainty have combined more recently with increasing concerns on the market concerning the sustainability of the American debt, given the tax reduction and the spending plans of Mr. Trump.
The American stock markets are largely stable over the year while the dollar index, which measures the greenback against six other major currencies, is down 9% this year and in progress for its worst annual performance since 2017.
European actions have entered a positive territory in a nod to employment data, while American term contracts have shown a similar trend.
The dollar has increased slightly.
The reaction was probably attenuated because the data was good in expectations and considered positive.
Commenting on the figures that Nicholas Hyett, head of investments at the Wealth Club, said: “The US labor market has increased the shoulders of pricing uncertainty that rocked the global and bond markets in April and May.
“While the federal government has continued to lose a small number of jobs, the wider economy has more than the difference, the United States adding a little more jobs than expected in May. Salaries growth is also higher than expected – suggesting that the economy is in healthy health.
“This will be considered a justification by the Trump administration – which has clearly been clearly that the prices aim to support Main Street rather than to please Wall Street.
“Less positive from the point of view of the White House is that a strong economy and an increase in wages give the federal reserve less reason to reduce interest rates – push higher yields and have budget folies built in Trump in Trump “Big Beau Bill” This little more expensive.
“With less likely rate reductions, the president of the Fed, Jay Powell, can expect to stay firmly in the president’s shooting line once the Musk spitting is finished. “”