Friday, June 3, 2016

Piece of work

The new jobs report came out today - fewer jobs added than expected and more people out of the workforce.
Jobs increased by only 38,000, about 120,000 below expectations. In addition, the number of jobs created in April and March was also revised downwards by 59,000. As Gordon notes, this means that over the last three months, job creation has averaged about 116,000 jobs per month; a notable slowdown from the 12-month average of 219,000 jobs.
Guess this means more people to give Bernie Sanders money.

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