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
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