U.S. Labor Market At Or Near Full Employment? Rosenberg Says No

We’ll get the next US labor market report from the U.S. Bureau of Labor Statistics on Friday. On average, economists polled by Thomson Reuters expect a 4.9% unemployment rate and 162,000 jobs added during May. Next labor market report due Friday The last report indicated that the national unemployment rate sat at 5% in April, essentially unchanged from the previous month even though more than 160,000 non-farm jobs were added to the labor market during the month. April’s addition of 160,000 jobs missed the consensus estimate of 200,000 job. More workers are entering the workforce now accounting for the new…