Tariff tremors: US adds 139,000 jobs in May even as hiring slows and recession fears grow

US employers added 139,000 jobs in May, a slowdown from April’s revised 147,000, while the unemployment rate remained at 4.2%. This undershot expectations amid concerns over Trump’s tariffs and federal workforce cuts. Economists fear potential recessionary effects as economic momentum weakens, despite the labor market’s resilience thus far.