Jared Bernstein: May’s Seriously Downbeat Jobs Report Puts Kibosh on Fed Rate Hike; Underscores Need for Deep Infrastructure Dive

In an unexpectedly downbeat jobs report, employers added only 38,000 jobs last month, the worst month for job gains since employment started recovering in 2010. Downward revisions trimmed the employment gains for the prior two months by 59,000, and the labor force participation rate fell again in May, as it had in April.

Read more: Jobs Report, Economy, Federal Reserve, Interest Rates, Infrastructure, Politics News

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