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May Jobs Resets Recession Expectations, but Hardens Inflation Expectations

May Jobs Resets Recession Expectations, but Hardens Inflation Expectations
Twenty-dollar bills are counted in North Andover, Mass., in a file photo dated June 15, 2018. Elise Amendola/AP Photo
J.G. Collins
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New May jobs printed at 339,000 on June 2, according to the Establishment Survey, well above market expectations of 180,000 jobs. Net revisions were were also up 93,000 jobs from March and April. That makes the average three-month jobs creation over 283,000 jobs.

The Households Survey, which is compiled from different data, showed just 175,000 jobs created.
J.G. Collins
J.G. Collins
Author
J.G. Collins is managing director of the Stuyvesant Square Consultancy, a strategic advisory, market survey, and consulting firm in New York. His writings on economics, trade, politics, and public policy have appeared in Forbes, the New York Post, Crain’s New York Business, The Hill, The American Conservative, and other publications.
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