The jobs report isn't as bad as it looks, writes M_C_Klein
The U.S. economy added 75,000 jobs in May on a seasonally-adjusted basis, according to data released on Friday by the Bureau of Labor Statistics. Analysts had been expecting an increase of 185,000, which would have been consistent with the year-to-date average increase in employment of just over 200,000 jobs per month.
In addition, the previous estimates for job growth in March and April were revised lower by a total of 75,000, which means the BLS now believes 820,000 jobs were added in the first five months of 2019. That... Subscribe or Sign In to continue reading.
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