By Jim Puzzanghera in Los Angeles Times
June 3, 2016
Job growth ground nearly to a halt in May, with the U.S. labor market having its worst performance in more than five years, the Labor Department said Friday.
The economy added just 38,000 net new jobs last month, a steep falloff from April’s disappointing 123,000 and well below analysts’ forecasts. The huge decline in job creation makes it unlikely Federal Reserve policymakers will increase a key interest rate when they meet to assess the state of the economy later this month.
Read more at Los Angeles Times