Economic Report: Here’s another bad sign in the jobs report, besides the weak headline growth figure

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This warehouse worker might not have new colleagues for a while, if the May jobs report is any indication.

It’s bad enough that the U.S. added only 75,000 jobs in May. Drilling down further into the report, there’s another worrisome feature.

The diffusion index, which measures the percent of industries hiring, fell to a two-year low of 54.8%. Any reading above 50% indicates more companies are hiring than not.

This means that the hiring slowdown isn’t concentrated just in one field, something that is also clear in the sector breakdown of the report.

Manufacturing hiring was weak for a second month—no surprise given tensions over U.S.

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