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Job Market In May: Steady Overall, But Signs Of Weakness Grow

1. U.S. job growth at 139,000; unemployment steady at 4.2%. 2. Federal jobs down by 59,000; hiring remains uncertain. 3. Major payroll growth seen in health care and leisure sectors. 4. Revisions indicate weaker job numbers for March and April. 5. Economic uncertainty affects employer hiring decisions.

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FAQ

Why Bearish?

Job growth revisions and declining federal employment signal economic weakness, which affects market confidence.

How important is it?

Weak employment data indicates potential decreases in consumer confidence, which can be detrimental for S&P 500 companies reliant on consumer spending.

Why Short Term?

Current job data and economic uncertainty may influence the S&P 500 in the near term, as investor sentiment reacts quickly.

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