Short-Term Employment Ticks Up, but These Long-Term Indicators Are Still at Crisis Levels

And it’s the long term which counts

A job seeker fills out an application during a career fair in San Francisco, on May 21, 2014. Justin Sullivan/Getty Images

It’s good news! The U.S. economy added 280,000 jobs in May, beating expectations of 226,000. So why did the market sell-off in the early hours of trading?

Because a better job number means the Fed could soon raise interest rates and rates are more important for the stock market than jobs.

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