May jobs report shows the summer hiring season started with a bang

Trump gives away the game with hires that pose 'grave risk to US security': DOJ alum

President Donald Trump, on Thursday, announced that he plans to nominate Acting U.S. Attorney General Todd Blanche to head the U.S. Department of Justice (DOJ) for a full term. The same day, Trump also told reporters that he has no plans to nominate Acting National Intelligence Director Bill Pulte as a permanent replacement for Tulsi Gabbard. Trump's Pulte appointment is drawing widespread criticism, as he has no intel experience. But according to law professor and former federal prosecutor Barbara McQuade, Trump views "incompetence" as a plus — not a minus — in his administration.Trump, McQuade laments in an opinion column for MS NOW, chooses "incompetent" or inexperienced appointees on purpose because they are less likely to question his policies. "Pulte was, and remains, the head of the Federal Housing Finance Agency — hardly the background one would expect for the leader of America's 18 intelligence agencies," the former DOJ prosecutor writes. "That's particularly true during a time when America is at war with Iran, a hostile foreign adversary whom the U.S. government considers a state sponsor of terrorism…. Pulte replaces Tulsi Gabbard, who resigned from the post last month amid disagreements over the threat posed by Iran."McQuade continues, "Gabbard's resume was thin, but at least she had experience in the military and in Congress. Pulte appears to lack any national security expertise at all. In fact, his only apparent qualification is unflinching loyalty to the president and an eagerness to weaponize the government against Trump's perceived foes."McQuade notes that she was working in DOJ in 2001 when Congress — in response to the 9/11 terrorist attacks — created the director of national intelligence (DNI) position, which requires one to oversee "the nation's collection, analysis, and dissemination of information relating to terrorist plots, cyberattacks, the proliferation of weapons of mass destruction, and malign foreign influence.""Why would a president want to fill such a sensitive and important position with someone who lacks any bona fide credentials?" McQuade writes. "Perhaps the appointment reflects what historian Ruth Ben-Ghiat calls 'engineered incompetence.' When a leader appoints an individual to an office that is above their station, the official becomes beholden to the leader — who, in turn, gains absolute control. Knowing they are in over their head, the official is less likely to assert independent judgment or to object when the leader acts in his self-interest instead of the public good."McQuade adds, "Engineered incompetence explains how a Fox News host, (Pete Hegseth), gets appointed secretary of defense and promptly shares sensitive attack plans over a Signal chat…. Effective leaders value candid advice, even when it means hearing things that conflict with their policy preferences. A leader who ignores unpleasant news is one who is unprepared to make clear-eyed choices on behalf of the people he was elected to serve. With a loyalist like Pulte leading the president's daily intelligence brief, the engineered incompetence itself poses a grave risk to our national security."

New May Jobs Report: Payrolls Jump 172K, Unemployment Steady

Economist reveal​ 'clear pain point' in Trump’s economy that jobs report misses

On Friday, the Trump administration celebrated a better-than-expected jobs report, which showed the U.S. gained 172,000 jobs in May. But while President Donald Trump may be patting himself on the back, one respected economist warns that the good news misses a “clear paint point” that shows the economy is shakier than the job numbers suggest. “This is the clear pain point in the economy,” posted Heather Long, chief economist at Navy Federal. “Wage growth in May was the lowest in 5 years. May wage gains: 3.4 percent (for past year). May inflation: Likely to be ~4 percent.”That’s bad math for the economy, meaning that inflation is outpacing wage gains. Or as Long puts it, “It's easier to get a job now, but it's hard to find a job where your pay will keep up with current inflation.” What’s more, Long notes that wage gains have hit their lowest point in five years, since May 2021, when the pandemic was still wreaking havoc on the global economy. Other experts have agreed with Long’s not-so-fast assessment of Friday’s positive job report.According to Bankrate Senior Economic Analyst Mark Hamrick, “It's very likely, given recent trends, that real wages will continue to fall and workers and their families will find it increasingly difficult to make ends meet.” Hamrick also argues that affordability challenges have reduced job mobility, and that what job growth there has been is limited to a few sectors, which doesn’t bode well for economic strength overall. At the same time, he suggests that a strong labor market makes it less likely that the Fed will cut the interest rate, resulting in higher borrowing costs and slower business expansion. And as U.S. economic policy expert and former chief economist for the GOP Ways and Means Committee, Donald Schneider, noted, there is an interesting correlation between the rising job numbers and the removal of a key Trump policy: tariffs. Schneider shared a chart that plots both the effective tariff rate and job growth, saying, “These things might be related.”The chart indicates that as Trump’s tariffs began to fall at the end of last year, the plunging job growth rate started leveling off. Then tariffs plummeted after the Supreme Court slapped them down in February, and lo and behold, that’s precisely when the job numbers began racing upwards. So as Scheider points out, there appears to be a direct link between the two trends. Trump has announced his intentions to reintroduce tariffs.Europac chief economist Pete Schiff noted another issue with the job news, posting, “Unfortunately, all of those jobs were either in leisure and hospitality, or in government or government-related services. That drives demand for imported goods, increasing trade deficits and goods prices.”As one of his respondents explained, “We are subsidizing consumer demand without creating the domestic goods to match. Pumping government payrolls and service wages gives consumers cash to spend, but since the U.S. isn't producing physical goods, that liquidity immediately leaks out of the country to buy foreign imports.”“Exactly,” Schiff agreed.

May Jobs Report Crushes Expectations. Democrats Most Hurt.

Hospitality jobs boom as US prepares for World Cup

It is the third month in a row US jobs figures have beaten expectations.

‘Almost every industry is hiring’: Jobs report blows past expectations in welcome bright spot for economy

Payroll number surged upward by 172,000, far above experts' estimates of 80,000

Employers added 172K jobs last month, sign of resilience amid Iran war

The job market has been recovering this year from a miserable 2025, so far shrugging off higher energy prices and increased economic uncertainty

US Adds 172,000 Jobs in May Topping All Estimates

Hiring in the US surged in May. 172,000 jobs were created topping all forecasts. The estimate was for 88,000. The unemployment rate held steady at 4.3%. Bloomberg's Michael McKee has more on this blowout report on Bloomberg Surveillance. (Source: Bloomberg)