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Jobs
May's Jobs Report: Very Disappointing

May's Jobs Report: Very Disappointing

 

The Atlantic‎ BOURREE LAM JUN 3, 2016 BUSINESS

 

 

The May jobs report is out and it is a huge miss. On Friday morning the Labor Department reported that the U.S. economy added just 38,000 jobs, while the unemployment rate dropped to 4.7 percent.

 

Monthly employment growth averaged 192,000 jobs added for the first four months of 2016, which was already a slowdown compared to 2015. Economists were expecting a modest 158,000 jobs to be added last month, meaning that Mays disappointing jobs report will almost surely be read as a sign of a slowing economy.

 

It is the smallest number of jobs added in a monthly jobs report since 2010.Continue reading at http://www.theatlantic.com/business/archive/2016/06/may-jobs-report/485450/

 

 

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Check out Bloomberg on

 

Deep Dive Into the Disappointing U.S. Jobs Report - Bloomberg

 

June 3, 2016