The May Employment Report in the United States comes at the above expectations with 139,000

The American economy added 139,000 new jobs in May, when 125,000 estimate of Dow Jones, based on new work figures published by the Labor Statistics Office on Friday.

This small increase occurred, but the important thing, while the country dealt with the increasing tariffs and the slowdown warning. The total April was reviewed to 147,000, but it may have shown that employers have not fully hit the brake.

Unemployment related To 4.2 %, no change appears from April. The wages saw a stumbling block. The average profits per hour increased by 0.4 % in May, raising the gain for 12 months to 3.9 %.

Both numbers came a little higher than expectations, which were set 0.3 % for this month and 3.7 % throughout the year. Even with a cautious commercial mood, workers saw their salaries grow faster than most economists expected.

Health care adds jobs, cut by the federal government

Health care added most of the jobs last month with a jump of 62000, which is higher than the average of 44,000 over the past 12 months. Entertainment and hospitality brought in 48,000 new jobs, while social assistance got 16,000. Together, these three industries represented most of the employment in May, while other parts of the economy remained flat.

But the federal government has lost 22,000 jobs. This decline was directly linked to the job discounts paid by President Donald Trump and dealt with by the Ministry of Governmental efficiency during the era of Elon Musk. The latest data shows the impact of their employment policies ultimately on official recruitment numbers. This decline made the public sector one of the few areas of shrinking during the month of May.

With the numbers appearing, currency markets quickly interacted. The yen decreased by 0.35 %, moving to 144.12 per dollar. The Swiss franc decreased to 0.82, while the pound fell 0.18 %, as it settled at about $ 1.35 after reaching its strongest level in more than three years. Although the pound has decreased, it still rises 0.6 % for the week.

Currency movements follow the report of global jobs and gossip

The dollar index rose to 98.9 after the report, but it still decreased by 0.5 % during the week. The euro, which went up after the European Central Bank made a scale comments, fell 0.18 % to about $ 1.1423.

Expectations about interest rate discounts change again. Traders are still looking to reduce 25 points by the end of the year, although some now believe that more discounts may occur. Mark Wall, chief economist in Deutsche Bank, said, “It is still too early to judge the impact of the trade war, and the course of the trade war remains in any case that cannot be predicted by nature.” It expects a total of 50 basis points of discounts from the European Central Bank.

Meanwhile, Germany’s problems accumulate. New data showed that exports and industrial production fell more than expected in April. This is a sign that the largest economy of the European Union is under pressure while weakening global demand and commercial talks remain unconfirmed.

By Thursday evening, most currencies gathered against the dollar. This came immediately after Donald Trump and Chinese President Xi Jinping made a phone call that lasted for more than an hour. Their conversation gave merchants some hope that progress will be made in trade. But by the time the job data fell on Friday, most of these gains already faded.

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