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Sharp Fall in U.S. Hiring Saps Chance of Fed Rate Increase in June

The New York Times Original article ›
LyrArc Article Gist
Adjusted for the 35,000 workers on strike at Verizon counted as unemployed, the 38,000 jobs figure in the government report is still considered quite low. Especially striking even as unemployment drops for May from 5.0% to 4.7% is that the drop is attributed to people dropping out of the work force. The average monthly gain for the March through May is 116,000 jobs well short of the 240,000 jobs added on average in 2014-2015. Average hourly earnings were up 0.2% in May and up 2.5% for the year. A widely accepted measure of unemployment that includes workers too discouraged to look for work or working part time because of a lack of full time job was at 9.7%. The labor force participation rate was at 62.6%.


Unemployment in the U.S. in the 2nd quarter 2016

04/01/2016

Grouped Articles

Jobs and Wages Notch Gains as the Economy Tries to Heal

New York Times 04/01/2016

Economy Chugs On Despite Fears

Wall Street Journal 04/02/2016

Sharp Fall in U.S. Hiring Saps Chance of Fed Rate Increase in June

The New York Times 06/03/2016

Jobs Roar Back With Gain of 287,000 in June, Easing Worry

The New York Times 07/08/2016

Jobs Roar Back With Gain of 287,000 in June, Easing Worry

The New York Times 07/08/2016

U.S. Job Growth Roars Back in June

WSJ 07/08/2016

U.S. Federal Reserve policy under Janet Yellen- 2014-2017

02/12/2014

Grouped Articles

Fed's Yellen Sets Course for Steady Bond-Buy Cuts

Wall Street Journal 02/12/2014

Fed Puts Rate Increase on the Radar

Wall Street Journal 02/20/2014

Yellen Sticks to Plan Amid Weather Doubts

Wall Street Journal 02/28/2014

Yellen Debut Rattles Markets

Wall Street Journal 03/20/2014

Fed Cuts Bond Buying by Another $10 Billion

New York Times 03/19/2014

Federal Reserve’s Bond-Buying Fades, but Stimulus Doesn’t End There

New York Times 06/19/2014


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