The jobs Wall Street most urgently needs to fill right now are in taxidermy: people to clean up and stuff all the dead doves left in the wake of the May employment report.
Transportation and warehousing added a respectable 10,600 jobs, and utilities employment grew for the first time since February. These are signs thatremain confident enough to keep growing. Retailers do not keep adding employees if demand is soft, so we expect this signals a rebound in retail sales in May after a softer April.grew by 42,000. While that’s below some of the very high levels seen in 2021 and 2022, it is high by longer-term historical standards.
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