Jobs Picture: Improving, but Still UglyRick Macdonald
The hefty labor market collapse of the 2008 fourth quarter and 2009 first quarter makes the emerging second-quarter declines look comforting in comparison. We expect the Labor Dept.'s U.S. employment report for May, scheduled for release on June 5, to show a drop of 500,000 in nonfarm payrolls—the best reading for payrolls since October.
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