Jobs creation slows dramatically with payrolls up just 75,000 in May, much worse than expected

[Demovictory9]

https://www.cnbc.com/2019/06/07/nonfarm-payrolls-unemployment-rate-may-2019.html

Nonfarm payrolls for May increased up by just 75,000, the Labor Department says.

Economists surveyed by Dow Jones expected a gain of 180,000.

March’s job count was revised lower from 189,000 to 153,000 and the April number was lowered to 224,000 from 263,000, for a total reduction of 75,000.

The unemployment rate remained at a 50-year low of 3.6%.

Average hourly earnings year over year in May were up 3.1%, one-tenth of a point lower than expectations.

[Wellstone ruled]

1. Interesting Numbers.

So the revised number will be 35k that was mentioned on Bloomberg Eourpe on Tuesday Night.

[SWBTATTReg]

2. Actually there was a DU article recently kind of anticipating this...the article (and I can't ...

recall exactly where I saw) was detailing the likeness of the 2009 events that led to that crash, to today's economic environment. If I successfully recall the article, I'll edit this post to include the link. It was a pretty good article. It basically said that a lot of the things that happened prior to the crash in 2007-08-09 were similar to today's economic environment.

[rownesheck]

3. Hello?

It's cuz trump created so many jobs, there ain't that many left to create. That's why the number is so low.