The May jobs report came out on Friday, May 4.
Let's call this one...mediocre. It was a bit of a miss, but the unemployment rate did dip to 5.8%.
The economy added 559,000 jobs last month, below forecasts of 650,000, but up from 266,000 in April. Wages surged 2% from last year, compounding forecasts while underscoring the challenge employers face in bringing workers back into the market over the final months of the coronavirus pandemic.
Kenny Polcari, managing partner at Kace Capital Advisors, joined TheStreet to discuss the jobs report.
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