Hiring Comes in Stronger Than Expected

US employers slowed hiring last month, but still added a solid 139,000 jobs amid uncertainty over President Trump's trade wars. Hiring fell from a revised 147,000 in April, the Department of Labor said Friday. The unemployment rate stayed at 4.2%.

• Above expectations: The stats are modestly stronger than expected, notes CNBC. Wall Street had been expecting an uptick of 125,000 jobs.

• Markets rise: Investors were pleased with the numbers: Dow futures rose about 300 points in the immediate wake of the report.
• Big picture: Trump's aggressive policies have muddied the outlook for the economy and the job market and raised fears that the American economy could be headed toward recession. But so far the damage hasn't shown up clearly in government economic data, notes the AP.