“Jobs growth is decelerating,” he said. employers drastically slowed their hiring in May, adding just 38,000 jobs, the fewest in more than five years and a sign of concern after the economy barely grew in the first three months of the year. Essentially all of the 7 million jobs added over the past decade belong to workers with at least some college experience. Article Continued BelowAn ally of Fed Chair Janet Yellen who has been a longtime skeptic of raising interest rates signalled Friday that the Fed should be in no hurry to act, especially after the bleak U.S. jobs report. The government has estimated that the economy grew at just a 0.8 per cent annual rate in the January-March quarter.

Source: thestar June 03, 2016 20:32 UTC