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Some fraying in the job market

2025/6/6

Marketplace All-in-One

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People

BBC producers

Christopher Lowe

David Brancaccio

James Graham

Katja Raider

Nancy Marshall-Genzer

Producer

Reg Levy

Topics

David Brancaccio: 我认为美国五月份的就业数据好坏参半。虽然新增就业人数略高于预期，但之前月份的数据被下调，这表明就业市场存在一些问题。我们需要进一步分析才能了解具体情况。 Christopher Lowe: 我认为五月份的就业数据只能说是“差强人意”。新增就业人数略高于预期，但考虑到三月和四月的数据被大幅下调，今年的就业增长实际上相当缓慢。关税的不确定性和边境关闭对建筑业和零售业等行业的招聘造成了负面影响。此外，商业服务和临时工的负增长也预示着经济活动可能放缓。家庭调查还显示，就业人数和劳动力数量均显著下降，失业率略有上升。

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While May's job report showed 139,000 new jobs, a positive sign, there are underlying weaknesses. Revisions to previous months' data reveal slower growth, and certain sectors like construction and retail show significant hiring weakness, partly due to immigration policy and tariff uncertainty. The unemployment rate is also creeping upward.

139,000 jobs added in May, slightly higher than expected
Downward revision of 90,000 jobs for March and April
Weakness in construction and retail sectors due to immigration and tariff uncertainty
Unemployment rate creeping higher

Shownotes Transcript

Call it an "it could have been worse" jobs report. In May, 139,000 more people drew paychecks, which is higher than expected. Job growth was up in sectors like teaching and health care, but immigration policy is hurting hiring in construction and retail. What sort of picture does this paint of the economy? And later: The BBC's James Graham explores what it takes to shut down a fraudulent e-commerce website.

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Some fraying in the job market