As President Trump's tariffs rattle American importers and businesses, work opportunities at the Port of Los Angeles are dropping to new lows.

U.S. job growth slowed slightly last month, a sign employers remained cautious about hiring amid uncertainty over tariffs and the nation’s economic outlook. The U.S. added 139,000 jobs in May, the Labor Department reported Friday,

The number of new jobs created in May slowed to 139,000, a sign the Trump trade wars are starting to make a dent in a resilient U.S. labor market that’s been a bedrock of the economy.

Procter & Gamble is slashing up to 15% of its non-manufacturing positions over the next two years as part of a broader restructuring effort. The cuts will affect up to 7,000 roles.

President Trump said his pick for the next Federal Reserve chair was coming soon as he stepped up his attacks on Jerome H. Powell.

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Total nonfarm payrolls rose by 139,000 in May, to 159.6 million, according to the Bureau of Labor Statistics today (blue columns in the chart). The increase of 139,000 new jobs is fine. It’s close to the 12-month average (144,000). It’s better than six months out of 12 in 2024.