MSNBC: Jobs Report a ‘Dismal Number for the Month of May’; Only 38,000 Jobs Created

RUSH TRANSCRIPT:

TAUSCHE: "They are a dismal number for the month of May. The U.S. Economy only created 38,000 jobs in the month, economists had expected 158,000 jobs. We are well below there. There was some sense that the number would come in low for one reason, and that is remember that strike of Verizon workers? The largest strike the united States has seen in five years. About 35,000 people who are employed by Verizon are out of the work force. Even if you added that in, that’s 65,000, 70,000 jobs created. Still well below estimates."