(CNS News) According to the Bureau of Labor Statistics the labor participation rate remains at a 36 year high of 62.8% showing no improvement from last month.
On the 29th May, I wrote here that revised Gross Domestic Product (GDP) fell at an annual rate of 1% in the first three months of the year (previously the GDP was reported to have grown at an anemic rate of 0.1%)
According to Ben Casselman, Chief Economist of FiveThirtyEight this was just just the tenth time since WW II that GDP growth has been negative outside a recession–three of those negative quarters immediately preceded recessions.
Related: Lethargic Economy –Los Angeles Times
Over Half of May Jobs Created in Lowest Paying Sectors –Zero Hedge
Summer Bummer for Teens in Country’s Largest Metro Areas
Over Half of Americans Struggle With Home Affordability –Market Watch
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