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Fri Jun 7, 2019, 09:25 AM

US Adds 75,000 Jobs In May, Far Less Than Expected Amid Heightened Trade Uncertainty


By Joe Williams Published June 07, 2019U.S.

US economy in focus as job growth slows in May
FOX Business’ Kristina Partsinevelos, Heritage Foundation’s Steve Moore, Kingsview Asset Management’s Scott Martin and Layfield Report CEO John Layfield discuss a survey that U.S. companies added the fewest jobs in nine years.

The U.S. added a less-than-expected 75,000 jobs Opens a New Window. in May, indicating Opens a New Window. that trade tensions Opens a New Window. with China and Mexico could be weighing on employers as concerns over an economic slowdown Opens a New Window. persist.

Experts predicted an increase of 185,000 jobs last month.

The number of positions the U.S. added in April dropped to 224,000, down from a previously forecasted 263,000, according to revised data from the Bureau of Labor Statistics. March employment gains were also corrected down to 153,000.

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https://www.foxbusiness.com/economy/us-adds-75000-jobs-in-may

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Reply US Adds 75,000 Jobs In May, Far Less Than Expected Amid Heightened Trade Uncertainty (Original post)
RCW2014 Jun 7 OP
quad489 Jun 7 #1
imwithfred Jun 7 #3
Oldgeezer Jun 7 #2
RCW2014 Jun 7 #6
Gunslinger201 Jun 7 #4
Independent.mind Jun 7 #5
uncledad Jun 7 #7
Independent.mind Jun 7 #8
uncledad Jun 7 #9

Response to RCW2014 (Original post)

Fri Jun 7, 2019, 09:33 AM

1. And....???

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Response to quad489 (Reply #1)

Fri Jun 7, 2019, 09:36 AM

3. My question too.

Imagine the distorted perception one could give, if a Trump-hating economist "predicted" there should be a gain of 5,000,000 jobs in June 2019, and there were "only" 500,000 new jobs.

Guesses are just guesses.

Any increase in the number of employed, no matter the size of it, is good.

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Response to RCW2014 (Original post)

Fri Jun 7, 2019, 09:34 AM

2. But 2/3 higher than the crap numbers that you posted the other day

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Response to Oldgeezer (Reply #2)

Fri Jun 7, 2019, 10:42 AM

6. I don't produce these numbers, just report them...good or bad. Don't care to read them,

don't click on the OP.

Pretty simple, eh?

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Response to RCW2014 (Original post)

Fri Jun 7, 2019, 09:57 AM

4. 3.6% Unemployment?

Wages grew 3.1%

Trump is doing waaaaaaaaay better than Barry

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Response to RCW2014 (Original post)

Fri Jun 7, 2019, 10:29 AM

5. Labor force participation rate is still below 63%

I would like to see it get back up to the 66% to 67% range.


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Response to Independent.mind (Reply #5)

Fri Jun 7, 2019, 11:24 AM

7. US demographics are headed in the other direction

We are aging out of the workforce and have less replacements entering the work force.

That labor skills gap will widen until automation goes full on, with that the participation rate decreases.

Not a rosy outlook IMHO.

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Response to uncledad (Reply #7)

Fri Jun 7, 2019, 11:34 AM

8. You are right but I still think the labor force participation rate is artifically low

as of today, it should be higher.

As we move forward however you are spot on and we will see a time when even as wages increase household incomes will decrease as the labor force participation rate declines due to aging and automation.

That is going to create some chaos in the system to be sure.

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Response to Independent.mind (Reply #8)

Fri Jun 7, 2019, 01:59 PM

9. Artificial sums up many metrics these days.

It will get worse, there is no plan to do otherwise. I think that's the plan.

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