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The U.S. job market delivered another upside surprise last month, churning out a better-than-expected 147,000 jobs. The unemployment rate ticked down unexpectedly, too. But the headline numbers masked some weaknesses as the U.S. economy contends with fallout from President Donald TrumpÈËÑýÉ«ÇéƬ™s  economic policies, especially his sweeping import taxes and the erratic way he rolls them out. Here are five key takeaways from the jobs report the Labor Department released on Thursday.

Young people graduating from college this spring and summer are facing one of the toughest job markets in more than a decade. The unemployment rate for degree holders ages 22 to 27 has reached its highest level in a dozen years, excluding the coronavirus pandemic. Joblessness among that group is higher than the overall unemployment rate, and the gap is larger than it's been in more than three decades. That worries many economists as well as officials at the Federal Reserve because it could be an early sign of trouble for the economy. It suggests businesses are holding off on hiring new workers because of rampant uncertainty stemming from the Trump administrationÈËÑýÉ«ÇéƬ™s tariff increases

Google has offered buyouts to another swath of its workforce across several key divisions in a fresh round of cost cutting coming ahead of a court decision that could order a breakup of its internet empire. The company confirmed the streamlining that was reported by several news outlets. ItÈËÑýÉ«ÇéƬ™s not clear how many employees are affected, but the offers were made to staff in GoogleÈËÑýÉ«ÇéƬ™s search, advertising, research and engineering units, according to The Wall Street Journal. Google employs most of the nearly 186,000 workers on the worldwide payroll of its parent company, Alphabet Inc. Google has been periodically jettisoning workers since 2023 after the pandemic drove feverish demand for online services.

U.S. employers slowed hiring last month, but still added a solid 139,000 jobs amid uncertainty over TrumpÈËÑýÉ«ÇéƬ™s trade wars. The Department of Labor said Friday that hiring fell from a revised 147,000 in April. The unemployment rate stayed at 4.2%. TrumpÈËÑýÉ«ÇéƬ™s aggressive and unpredictable policies ÈËÑýÉ«ÇéƬ“ especially his sweeping taxes on imports ÈËÑýÉ«ÇéƬ“ 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 hasnÈËÑýÉ«ÇéƬ™t shown up clearly in government economic data.