numbers: Speaking to Hayes, Reich cited the May job numbers released by the U.S. Department of Labor, which said 75,000 jobs were added in the country during the month, according to MSNBC. The numbers, which are often revised after they are initially released, fell short of predictions from economists in a Bloomberg report. 75,000 new jobs is really bad. Robert Reich, who served as Labor Secretary for former President Bill Clinton, made the statements during an appearance on MSNBC's All In with Chris Hayes. You need 125,000 new jobs just to keep up with the increase in the labor force. There is a slowdown, there's no question about that. And relative to where we have been in this recovery that starts in 2009, it's a very bad jobs report overall, Reich said.
(news.financializer.com). As
reported in the news.
Tagged under numbers, u.s topics.