Weak Jobs Report for May 2016
Summary from the AllSides News Team
Featured Coverage of this Story
From the Left
"Horrible" Job Growth Ends Talk of Rate HikeBye bye June rate hike. That was the billboard-sized headline from Wall Street trading desks after the U.S. job-creation machine hit the wall in May. The government said 38,000 jobs were created in May, way, way, way below the roughly 160,000 new positions Wall Street economists had been expecting.
From the Right
US Economy Creates Fewest Number of Jobs in More Than 5 YearsThe U.S. economy created the fewest number of jobs in more than five years in May, hurt by a strike by Verizon workers and a fall in goods producing employment, pointing to labor market weakness that could make it difficult for the Federal Reserve to raise interest rates.
From the Left
May's Jobs Report: Very DisappointingThe 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.
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