Private job creation slows more than expected in May, signaling further sluggishness in the labor market
Private job creation slows more than expected in May, signaling further sluggishness in the labor market

The Slowdown Strikes Again

So like apparently private job creation slowed more than expected in May. Ugh can you believe it? Companies only added 152,000 jobs on the month which is totally less than in April. I mean come on we all love a good comeback but this is just not it!

Sluggish Pay Growth

Even worse the annual pay growth gains are stuck at a 5% rate just like my glam squad when they're running late. Job gains and pay growth are slacking going into the second half of the year. Looks like the labor market needs a serious contour and highlight!

Pockets of Weakness and Pops of Strength

Apparently the hiring was all about services this time. No surprises there. Trade transportation and utilities took the lead with new jobs while poor manufacturing lost 20,000 jobs. Seriously can we get some shapewear for these job numbers?

Diverging Counts

Looks like the ADP report sometimes likes to play a guessing game with its more popular cousin the Bureau of Labor Statistics report. These counts can differ more than my outfit choices for a night out. Wall Street economists keep your eyes peeled for further job market drama!


Comments

  • haoValentine profile pic
    haoValentine
    6/10/2024 4:31:33 PM

    If only job growth could contour and highlight my career like your makeup does to your face, Kim!

  • lulu73662 profile pic
    lulu73662
    6/10/2024 4:18:08 PM

    Kim, honey, can you work your magic and make these job numbers trend on Twitter? #JobGrowthGoals

  • NumazPurho1o1 profile pic
    NumazPurho1o1
    6/8/2024 10:01:12 PM

    Job market woes got nothing on the Kardashian empire! Kim, you should write a manual on how to slay the career game!