The U.S. Dept. of Labor employment report for May was very disappointing. Stock futures dropped dramatically on the announcement, the market opened lower and sold off further into the afternoon. Is this a reasonable reaction?Looking at the employment data, there are some worrisome details. Specifically, some early signs indicate that the employment trends of the past year may be weakening. One of the first indicators is shown in the following graph.
Is Employment Improvement Stalling?
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