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Friday, June 02, 2017

U.S. job market stumbles in May, adding just 138,000 jobs - The Washington Post







"U.S. job growth came in below expectations in May with employers adding just 138,000 jobs while the unemployment rate fell to 4.3 percent, the lowest it has been in more than 16 years, federal economists reported Friday morning.



Economists surveyed by Bloomberg had expected an increase of 180,000 in non-farm payrolls, which would have been in line with average monthly gains seen over the past year.



The job market has been strong in recent months, and most traders expect the Federal Reserve to raise interest rates later this month, despite the slightly weaker May figure. Yet further negative news could cause the Fed to reconsider its plan of gradually raising interest rates later this year, as the central bank eases off its efforts to stimulate the economy."



U.S. job market stumbles in May, adding just 138,000 jobs - The Washington Post

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