Last week, The U.S. Department of Labor and the Bureau of Labor Statistics released the 2019's May jobs report, and there are more signs of a sluggish market. According to CNBC, Beth Ann Bovino, U.S. chief economist for S&P Global Ratings said, "We had expected a slowdown after several years of job gains holding around 200,000, but not this much of a slowdown." Analysts originally predicted around 180,000 job additions to the workforce, but the numbers weren't even close. With only 75,000 jobs added last month, economists are prepping for yet another economic collapse.
But it isn't all doom and gloom, as unemployment rates remain the lowest they've been since December 1969. Keep scrolling to learn more about the state of employment for the month of May.