Category: May 2012 jobs report

The Spring Slowdown Has Arrived

When the jobs market weakened in March and April, economists could tell a sensible story about why the weakening wasn’t as severe as it looked. But you can’t tell that story anymore. For the third straight year, the economy has fallen into a spring slump.

Weak U.S. Hiring in May

The United States economy gained a net 69,000 jobs in May, the Labor Department said Friday, a showing that reflected mounting fears of a global slowdown.