Investing

Key To May Jobs Report: Ignore Census Hiring

Consensus estimates are that there were 520,000 to 540,000 jobs created in May, the largest gain in 27 months. About 400,000 of those were due to temporary jobs created by hiring for the Census. That number is meaningless. If the private sector did not add at least 100,000 new full-time employees, it is is disaster.

Douglas A. McIntyre

Sponsor: 26 Cheap Stocks to Sell – Cheap stocks have been on a tear recently, but nine out of ten stocks are circling the drain!

 

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.