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The bad news: Instead of creating 158,000 jobs in May, the US economy only added 38,000.

The other bad news: The jobs created for the previous two months were not as high as originally reported, down by 59,000.

The good news: Wages grew by five cents an hour, unemployment is down to 4.7% (while a bit of bad news was that job participation is also down at 62.6%).

The conclusion: If you have a job, great. If you’ve been looking, you might have to keep looking. For the economy, jobs continue to be created, but at a slowing rate which suggests, but doesn’t prove, a slowing economy.

(Click on the graph for the link.)

Screenshot 2016-06-03 at 08.38.42

May’s Job Report” – The Atlantic

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3 thoughts on “May US Jobs Report

  1. Pingback: Data That Matters June 2016 | Pretending Not To Panic

  2. Pingback: June US Jobs Report | Pretending Not To Panic

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