Newsnewsrcwrttrumprecession

Sat Jun 8, 2019, 06:07 PM

Weak U.S. Employment Report Raises Red Flag On Economy

Lucia Mutikani

WASHINGTON (Reuters) - U.S. job growth slowed sharply in May and wages rose less than expected, raising fears that a loss of momentum in economic activity could be spreading to the labor market, which could put pressure on the Federal Reserve to cut interest rates this year.

The broad cool-off in hiring reported by the Labor Department on Friday was before a recent escalation in trade tensions between the United States and two of its major trading partners, China and Mexico. Analysts have warned the trade fights could undermine the economy, which will celebrate 10 years of expansion next month, the longest on record.

Adding a sting to the closely watched employment report, far fewer jobs were created in March and April than previously reported, indicating that hiring had shifted into a lower gear. The labor market thus far has been largely resilient to the trade war with China.

“Today’s report makes a cut more likely, and supports our view that the trade tensions will ultimately slow growth enough for the Fed to respond in September and December with cuts,” said Joseph Song, an economist at Bank of America Merrill Lynch in New York.

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https://www.reuters.com/article/us-usa-economy/weak-us-employment-report-raises-red-flag-on-economy-idUSKCN1T8086

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Response to RCW2014 (Original post)

Sat Jun 8, 2019, 06:28 PM

1. try again........................

The Bureau of Labor Statistics (BLS) provides the May jobs report. Top line job gains were moderate at 75,000 and the unemployment rate holds steady at 3.6%. However wage growth of 3.1%, and a monthly shift of 299,000 jobs from part-time to full-time reflects tight labor market in specific Main Street (blue and white collar) jobs.

The overall gain of 75,000 for May is low considering the economic growth. However, a review of the underlying data tells a story of a tightened labor pool; specifically inside the Main Street, middle-class, blue and white collar labor market.

https://theconservativetreehouse.com/2019/06/07/labor-report-75000-jobs-added-3-1-wage-growth-pt-to-ft-work-299000/

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Response to RCW2014 (Original post)

Sat Jun 8, 2019, 06:42 PM

2. Instead of constantly wailing and screeching try to get out there and see all who are thriving

Your world seems to be such a dark, hateful place.....

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Response to BigKahunna2.0 (Reply #2)

Sat Jun 8, 2019, 06:44 PM

3. ".....Your world seems to be such a dark, hateful place....."

Yeah; he needs to learn it's better to love, than to hate.

Easier too.

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Response to BigKahunna2.0 (Reply #2)

Sat Jun 8, 2019, 07:03 PM

4. I'm only reporting what Reuters published. I'm doing fine thank you with my stores (2)

and have a deal pending to sell off one of those for a unimaginable price, while the market is good.

Will keep my original store until death as it gives me something to do and I love most of my customers.

That said, one must be blinded not to see some strains appearing on the economic front.

I realize for some that political cheerleading is priority #1 but reality for me is what counts as it comes to my pocketbook.










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Response to RCW2014 (Original post)

Sat Jun 8, 2019, 09:02 PM

5. Not to fear. Mexico to the rescue, says someone in the WH.



Sounds like some drunk spewing off their BS.

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Response to RCW2014 (Original post)

Sat Jun 8, 2019, 09:59 PM

6. The Fed Reserve was too aggressive in their interest hikes last year.

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