A near halt, surprising just about everyone from wall street to main street to washington. Especially because the labor market had been a pillar of strength for the economy. Just 38,000 jobs were created last month, well below the estimate of 158,000. The Unemployment Rate dropped to 4. 7 , but that was because nearly 500,000 people stopped looking for work. The one bright spot may be the slight, and i do mean slight, increase in average Hourly Earnings. Hampton pearson has more on mays big jobs miss. Reporter the slowest monthly job growth in nearly six years shocked the markets and market watchers. Im still looking for a digit here. Were missing a digit. This is crazy. I thought wed get 165,000. And they still wouldnt do it. They cant hike in june. Imagine if they did and then the economy got worse people would be like, how dumb were you . Reporter the month of may turns out was the tip of a jobs iceberg. Hide be a dramatic slowdown in job growth over the last three months. Employers
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