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3 Things You Should Know From the May 2016 Jobs Report By: Deanna Hartley on June 3, 2016.

It may feel like summer, but the U.S. economy plunged into a deep freeze in May, according to the new BLS jobs report released this morning.

Breaking: U.S. economy added only 38,000 jobs in May; unemployment rate dropped to 4.7% (lowest since 2007). #JobsFriday #jobsreport

— CareerBuilder (@CBforEmployers) June 3, 2016

 

Reactions from news outlets have been strong, calling the report everything from “ugly” to “miserable” to “dismal” and more. Here’s a sampling of headlines from leading news outlets: “The Latest Jobs Report Badly Misses Estimates,” “U.S. job creation weak, even as unemployment rate falls to 4.7%” “Why the Disappointing May Jobs Report is So Important” and “May’s Jobs Report: Very Disappointing.”

As you may know, following each month’s BLS jobs report, we read dozens of…

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