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SaysWho?

Disappointing jobs report as only 75,000 jobs created in May, wage growth slows, earlier months' job gains reduced

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https://www.marketwatch.com/story/us-creates-just-75000-jobs-in-may-and-wage-growth-slows-in-warning-sign-for-economy-2019-06-07

 

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The numbers: The U.S. created just 75,000 new jobs in May and employment gains earlier in the spring were scaled back, an ominous turn that points to a slowing economy and is likely to put more pressure on the Federal Reserve to cut interest rates.

 

The meager gains in May fell far short of the 185,000 MarketWatch forecast, but how stocks react Friday will likely depend on whether Wall Street thinks the Fed will act soon.

 

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The pace of hiring has slowed since the end of last year, and even after the poor May report, the labor market is still healthier than it’s been in several decades.

 

Still, the economy appears to have been shaken by festering trade tensions with China and a slowdown in the key manufacturing sector. If the labor market or other indicators shows further weakness, the Fed would almost certainly cut interest rates to help shore up the economy.

 

 

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Cutting rates can only do so much when you lose out on major foreign markets due to trade stupidity across the board.

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31 minutes ago, SaysWho? said:

The numbers: The U.S. created just 75,000 new jobs in May and employment gains earlier in the spring were scaled back, an ominous turn that points to a slowing economy and is likely to put more pressure on the Federal Reserve to cut interest rates.

 

Maybe getting interest rates cut is Trump's actual motive here. :hmm:

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5 hours ago, Jason said:

 

Maybe getting interest rates cut is Trump's actual motive here. :hmm:

Get the Fed to lower rates a couple of times and then suddenly announce that all the tariffs are lifted 9-12 months before the election.

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