What the Jobs Report is Telling Us

You’ve probably heard that May’s Bureau of Labor Statistics (BLS) Employment Report was disappointing. Economists who follow job growth in the U.S. economy were expecting 123,000 new jobs. The actual number was 38,000 -- the smallest gain since September, 2010. On a scale of 1 to Lehman, how worried should we be? Is an 85,000 [...]