The Fed lowers expectations for job growth in May

Let’s hope this is still a temporary situation due to all the chaos caused by the COVID-19 shutdowns. The quicker things return to normal the better for everyone.

Federal Reserve officials and new Dallas Fed data have begun lowering expectations for May jobs growth in the United States as business hiring plans continue to outrun the supply of people able or willing to work.

Dallas Federal Reserve president Robert Kaplan said Friday that hiring difficulties have continued through May, and will likely lead to another weak jobs report following the lower-than-expected 266,000 positions added in April.

MSN Money
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