Friday brought unfortunate news for President Donald Trump. The U.S. non-farm payroll numbers came in well below expectations last month.
Figures released by the U.S. Labor Department showed May job creation fell from 174,000 in April to 138,000, compared to expectations of a figure of at least 180,000. The April figure itself was revised down from 211,000. The unemployment rate fell to 4.3%, while experts had forecast a rate of 4.4%.
March was revised down from 79,000 to 50,000, meaning in total, around 108,000 fewer jobs were created than expected.
The weaker-than-expected non-farm payroll numbers came as a particular surprise since on Thursday the ADP private sector jobs report beat forecasts, prompting analysts to expect a higher number if anything.
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