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Home > Economics > Will May’s slow jobs growth spell a Fed interest rate cut? Joe Brusuelas offers insight in a WSJ podcast

Will May’s slow jobs growth spell a Fed interest rate cut? Joe Brusuelas offers insight in a WSJ podcast

Jun. 10, 2019 by Deborah Cohen

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The U.S. economy added only 75,000 jobs in May. Does that lend credence to the likelihood that the Federal Reserve is preparing for a rate in the near term? RSM US Chief Economist Joe Brusuelas weighs in on this podcast with the Wall Street Journal’s Charlie Turner on Friday, June 7.

“The weakness in goods-producing and manufacturing (jobs) has now spilled over into the service sector,” Brusuelas said. “When you take into account the downward revisions in March and Apirl, the net gain this month was zero.” He adds: “You’re seeing pretty steep downward trends in global economic growth.”

Listen to the the full podcast here, and check out Brusuelas’s full analysis on the report.

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Filed Under: Economics Tagged With: jobs, Joe Brusuelas

About Deborah Cohen

@dlcohenwrites

Deborah Cohen is Thought Leadership and Editorial Leader for RSM US LLP. She edits the firm’s macroeconomic content and is focused on issues affecting the middle market economy. She is a former business journalist with Reuters, Crain’s Chicago Business and Bloomberg News.

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