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/