US unemployment dropped to levels not seen since 2001 despite weak job growth in May. Non-farm payrolls increased by 138,000 last month, far lower than the consensus estimates of 185,000. Some view the lackluster job growth as a sign that businesses are seeking new employees, but having difficulty finding qualified candidates – leaving room for future wage hikes. Others see this as a sign that the economy still has some softness. In other news, after considering opposing views from world and business leaders, President Trump ultimately decided to pull the US out of the Paris Climate Agreement, originally designed in 2015 to limit carbon emissions. This decision opened fresh debate and uncertainty regarding the US’s changing foreign policy and its global leadership role.