Investors are closely watching the May jobs report for any signs of further cooling in the labor market.

The US economy is showing signs of cooling as a wide swath of tariffs is hitting businesses.

Investors are closely watching the May jobs report for any signs of further cooling in the labor market.

Economists expect that when the Bureau ofLabor Statistics reports the May nonfarm payrolls numbers, they will show a gain of just 125,000.

The full effects of massive tariffs likely have not been felt yet, but the job market has clearly slowed.