Posted on 06/03/2016 3:48:28 PM PDT by Olog-hai
U.S. hiring slowed to a near-standstill in May, sowing doubts about the economy’s health and complicating the Federal Reserve’s efforts to raise interest rates.
While unemployment slid from 5 percent to 4.7 percent, the lowest since November 2007, the rate fell for a troubling reason: Nearly a half-million jobless Americans stopped looking for work and so were no longer counted as unemployed.
Employers added just 38,000 jobs in May, the fewest in over five years.
Less-educated workers bore the brunt of the hiring slump, with a quarter-million high school dropouts losing their jobs in May. That has perpetuated a long-term trend toward a two-tiered job market, with college-educated adults more likely to be employed and earning steady raises. …
(Excerpt) Read more at hosted.ap.org ...
Even after seven and a half years of socialism, the economic benefits still have not arrived. Who would have guessed that increasing the costs of hiring and reducing the incentive to work would do so little to create jobs? Unexpected!
Given that AP could not hold back from admitting this, the true state of affairs has to be worse yet.
They just need to raise the minimum wage a few more dollars so more people will want to work.
If Trump wins in November it will be very interesting - and predictable - to see how the media starts reporting the unemployment rate.
Adult employment is less than 63 percent.
With all the unemployment in the US, why does it still allow immigration?
Senseless foolishness.
Are we trying to increase our unemployment rate?
The Communists are further reproached with desiring to abolish countries and nationality. …The more things get “internationalized”, the faster the commies feel they can make their “world revolution” accelerate.
Although, of course, they are implementing Cloward-Piven to increase the chaos. They really are insane ideologues.
Recovery Summer #8!
The DAY after Trump takes office it will jump for 5.5 to 10.5 %.
Woo hoo! All the jobs are full!
I read a few weeks ago that 20% of the rail traffic nationwide is down.
I thought so since the stack trains going through Kingman AZ are less..lot less.
We are starting to automate our workforce. $15.00 per hour for a fast food worker? No thanks!
And fewer people working means fewer people who can afford to eat at the fast-food places. Double whammy.
Carl’s Junior [automated]
https://www.youtube.com/watch?v=5d7SaO0JAHk
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