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The economy added just 75,000 jobs in May, amid ongoing trade tensions with China and Mexico and a global economic slowdown.

The unemployment rate stayed steady at 3.6 percent, the lowest level in almost 50 years. Annual wage growth ticked up by 3.1 percent, according to data released Friday by the Bureau of Labor Statistics. April’s job number was revised down from 263,000 to 224,000 positions added.

The government’s monthly employment snapshot was hotly anticipated after a private payroll report released on Wednesday also took Wall Street by surprise. ADP’s monthly report revealed that just 27,000 jobs were added to the private sector in May — the lowest since 2010.

Wall Street ticked slightly downward, then upward, in premarket trading after the disappointing Labor Department figures were released. Financial markets have been nervous lately over escalating trade tensions with China and Mexico.

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“Fears were realized with the release of the government’s May jobs report,” said Mark Hamrick, senior economic analyst for Bankrate. “Hiring was lackluster last month, while the jobs numbers for March and April were weaker than initially estimated.”

“This was just enough hiring to maintain stability for the job market,” he said.

Friday’s labor report is likely to cement market expectations that the Fed is preparing to cut interest rates — with some predicting that may happen as soon as June 18 when the Federal Open Market Committee next meets to discuss monetary policymaking.

President Donald Trump said Thursday “the stock market would be 10,000 points higher” if the Fed had not raised rates four times last year.

Federal Reserve Chairman Jerome Powell said Monday that the central bank is watching current economic developments and would take the necessary steps to continue the country’s near-record economic expansion.

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Election results map: How did YOUR constituency vote? Who is your MP?

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POLLS have closed and the exit poll predicts an overall Conservative majority of 86 in the 2019 general election. Find out how your constituency voted and who your MP is here.

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‘There’s no chance’ Trump is removed from office

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WASHINGTON — Senate Majority Leader Mitch McConnell, R-Ky., said Thursday that there was “no chance” that President Donald Trump would be removed from office in any impeachment trial and that it “wouldn’t surprise” him if some Democrats split from their party and voted in the president’s favor.

“The case is so darn weak coming from the House,” McConnell said in an interview with Sean Hannity on Fox News Thursday night, as the House Judiciary Committee continued to debate articles of impeachment. “We know how it’s going to end. There’s no chance the president’s going to be removed from office.”

“My hope is that there won’t be a single Republican who votes for either of these articles of impeachment, and Sean, it wouldn’t surprise me if we got one or two Democrats,” McConnell continued.

The House is expected to hold the full impeachment vote next week, just days before Congress plans to head back to their districts for the holiday recess. The Senate trial is expected to begin after the break in January.

While the Democratic-controlled House is likely to vote to impeach the president, it is up to the Senate to conduct a trial and vote to actually remove Trump from office.

The Senate requires a two-thirds majority to convict, or 67 votes. The GOP holds a 53-47 advantage, but that would still require 20 Republicans to break from the president, assuming that every Democrat votes to convict Trump — though, as McConnell suggested, that assumption is not a given.

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Jeremy Corbyn resign: Who will replace Corbyn as Labour leader after DISASTER results?

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JEREMY CORBYN has held onto his own seat of Islington North with a big 26,000 majority. But will the Labour leader resign after poor results elsewhere in the country?

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