Bloomberg experts anticipate slowdown in US nonfarm payroll growth in May

According to analysts surveyed by Bloomberg, US nonfarm payroll employment growth likely slowed to 125,000 last month while remaining at a healthy level for the labor market. However, job creation estimates vary significantly among experts, ranging from 75,000 to 190,000. The unemployment rate is expected to hold steady at 4.2%, strategists project.

The US Bureau of Labor Statistics notes that labor market conditions reflect uncertainty stemming from the ambiguous policies of President Donald Trump. Layoffs remain historically low, yet many firms have postponed production expansion plans. Business representatives are awaiting clarity on how the administration’s import tariffs will impact operations before making workforce adjustments.

The agency's latest data and research confirm a gradual slowdown in US economic activity, including an increase in continuing jobless claims, signaling a deceleration in hiring momentum.