A major red flag was raised on Friday when the U.S. reported that hiring slowed sharply in May to the lowest level since 2010 and it was the third straight decline in job gains.
But it came at a time when unemployment is really low, wages are rising a little, Americans are starting to spend more because they feel better about the economy, and economic growth is expected to pick up this spring.
America’s economy isn’t in crisis mode. Rather, it’s finding a new balance.
“We have a lost a little bit of momentum” in job growth, says Russell Price, senior economist at Ameriprise Financial. But “there are an awful lot of positives that are giving the economy a lot of support right now.”
“Read the Full Article at money.cnn.com >>>>”
ATTENTION READERS
We See The World From All Sides and Want YOU To Be Fully InformedIn fact, intentional disinformation is a disgraceful scourge in media today. So to assuage any possible errant incorrect information posted herein, we strongly encourage you to seek corroboration from other non-VT sources before forming an educated opinion.
About VT - Policies & Disclosures - Comment Policy
Due to the nature of uncensored content posted by VT's fully independent international writers, VT cannot guarantee absolute validity. All content is owned by the author exclusively. Expressed opinions are NOT necessarily the views of VT, other authors, affiliates, advertisers, sponsors, partners, or technicians. Some content may be satirical in nature. All images are the full responsibility of the article author and NOT VT.
