Job growth slowed abruptly in May

Unemployment rate drop was due to sharp reduction in labor force.

The labor market softened in recent months, with May representing the weakest job growth in nearly six years, according to the National Restaurant Assn. chief economist Bruce Grindy. 

Preliminary figures released June 3 by the Bureau of Labor Statistics showed that job growth in the national economy slowed abruptly in May. The economy added a net 38,000 jobs on a seasonally adjusted basis in May, which represented the weakest monthly increase since September 2010.

The story

All access premium subscription

This content requires a subscription to Feedstuffs in order to access. If you are a paid subscriber, use your email and password to Log In now.


Current Feedstuffs Subscribers: Online and mobile access are now included at no charge to you. To read this article, use your subscriber email and password to log-in to your account (or contact us for assistance in updating your account.)


Not Currently a Subscriber: Subscribe NOW to Feedstuffs and receive our print and/or digital publications, enewsletters and premium online content. Visit Feedstuffs.com and click on Subscribe at the top of the page for more information.


SUBSCRIBE NOW https://circulation.feedstuffs.com/Publications.aspx


TO RENEW YOUR SUBSCRIPTION https://circulation.feedstuffs.com/SubscriptionOffers.aspx


Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish