THAT is 100,000 jobs OFF of what was expected…..
The government also knocked down the hiring numbers for March and April…
While the jobless rare remains at 3.6%?
People gotta stop talking about a ‘robust’ economy….
There isn’t one here in America…
And with Donald Trump doing his sidewalk act?
Things are gonna get worst…
It’s almost like the guy doesn’t really want a second term….
The latest report was a disappointing showing that will stoke fears the economy is softening as the Trump administration’s trade war with China and potentially Mexico escalates.
The Federal Reserve has signaled that it would consider a rate cut in the event of economic weakness, and May’s data is likely to be an important factor in their decisions.
“This gives us a real sense of deceleration in the U.S. economy,” said Diane Swonk, chief economist at accounting firm Grant Thornton. “We knew this was occurring, but this could be a summer of discontent. It also gives the Fed a green light to cut rates.”
Most analysts expect the economy to slow in the current quarter, after a growth rate of 3.1 percent in the first three months of the year. Both retail sales and factory orders declined in April, a sign that consumers and businesses are growing more cautious.