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US UNEMPLOYMENT HITS AN 18-YEAR LOW DESPITE TRADE CONCERNS

US UNEMPLOYMENT HITS AN 18-YEAR LOW DESPITE TRADE CONCERNS

Counteracting fears of a global trade war, U.S. businesses have made clear announcement that the hiring should not be stopped.

Employers extended a stable 223,000 jobs in May, up from 159,000 in April, and helped in surging the nation's unemployment rate to an 18-year low of 3.8 percent.

Amongst all that hiring, the Trump administration has slapped tariffs on steel and aluminum from Europe, Mexico and Canada. The White House is also intimidating China with separate duties. And Europe, Mexico, Canada and China have pledged to get back at U.S. goods.

Yet so far, the trade disputes don’t have any significant impact to hit the nearly 9-year-old economic expansion — the second-longest on record — off track. Hiring has actually lifted up this year with reference to 2017.

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