Posted on 06/07/2019 6:02:53 AM PDT by yesthatjallen
The U.S economy added 75,000 jobs in May, the Labor Department reported Friday, falling short of expectations by nearly 100,000 jobs..
Economists expected the U.S. to add roughly 185,000 jobs in May after a massive gain of more than 200,000 jobs in April.
But employment growth fell well short of that mark in May, though the unemployment rate and labor force participation rate stayed even at 3.6 percent and 62.8 percent respectively.
The Labor Department also revised down March’s gain from 189,000 to 153,000 jobs, and April’s gain from 263,000 to 224,000 jobs. The revision shave 75,000 jobs off the books for 2019.
The federal report is the latest sign of concern about the health of the U.S. economy as it comes nears a decade of recovery from the 2008 recession. The ADP National Employment report released Wednesday found that private payrolls increased by just 27,000 jobs in May, another foreboding sign of easing growth.
We're at near record full employment.
Unless there are more business start-up and expansions, how many more people can we expect to add to the economy?
Unemployment rate at 3.6% is pretty incredible. There’s no one left to hire.
“Below expectations.” Glass half empty. Uh huh, see, Trump is the worst president ever!!
Black ue at lowest ever.
Growth beyond full employment is not possible.
Another month, another terrible economic report.
There are plenty of people they just don't want to pay.
If the economic growth rate exceed the rate of population increase and labor force participation rates are stable, eventually the pool of labor dries up, leaving just the "structural" unemployed: Those with a mismatch between the skill sets the market wants and the skill sets possessed by the unemployed. An unemployment rate comprised of just structural unemployed workers is considered to be Full Employment. That's were we are.
Where is your flood of new jobs?
There a 60+ million working aged Americans sitting on the sidelines. There is a wage shortage and not a human capital shortage.
A mere blip. Wages are still increasing which is a good sign.
Riiiiight......
You keep the faith...
Now the FED will cut rates finally.
Are you sorry Trump won? Maybe Hillary will step in and you can vote for her again.
The markets will always adjust to conditions and in this case employers will be forced to pay the prevailing wage demands if they want to and have to fill positions.
The alternative is to go the robot way and purchase automated equipment when wage demands get to far out of line.
Currently there are more total jobs available than there are unemployed looking for work. At some point new jobs creation will moderate as available positions are filled.
This report is not at all worrisome despite what the Hysterical Helens in the liberal media claim.
I'm sorry he's acting like an erratic jackass.
Erratic? Being a pro American Nationalist is only erratic to a Free Traitor™ such as yourself.
Enjoy the coming recession. You’ve earned it.
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