Here’s the ‘bad news’ in the ‘good’ jobs report | CNN Business ...Middle East

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Here’s the ‘bad news’ in the ‘good’ jobs report | CNN Business
CNN  —  At a time when Americans and the Federal Reserve are clamoring for clear-cut data about the state of the economy, Friday’s jobs report was much more opaque than everyone had hoped. While “it’s hard not to like a lot of jobs,” as economist Dean Baker told CNN, other contents of the May jobs report add to the pile of unwelcome economic news that has included slower GDP growth, a pullback in some spending and a rise in credit card delinquencies. “The good news is we saw the explosion in payrolls. The bad news is the rise in unemployment with an acceleration in wage gains,” Diane Swonk, chief economist wi

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