Jobs Report Disappointing, But Is It a Game-Changer?
Morningstar's Bob Johnson and Vishnu Lekraj on whether the lackluster numbers mean the recovery is stalling.
Jason Stipp: I'm Jason Stipp for Morningstar. The government released its employment report on Friday, and it was disappointing to say the least.
The headline number, although it looked good on the face of it at 431,000 jobs added in May, was less than a lot of people were expecting, but I think even more of a disappointment was the number of private sector jobs added; that's after you remove the Census workers, and that was only a little bit more than 41,000 private sector jobs added. Here with me to dig into the numbers is Morningstar's Bob Johnson. He's associate director of economic analysis. And Vishnu Lekraj; he is an equity analyst covering the employment sector. Thanks for being here again, guys.
Jason Stipp does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.