BLS Jobs Report Points To the "Meh" Economy

[Geee]

Townhall:

The Bureau of Labor Statistics released their report on non-farm payroll jobs today and estimated that the American economy added 214,000 jobs - pointing to an economy that continues to be sluggish. The workforce participation rate is unchanged from a year ago, at 62.8%. The unemployment rate edged slightly downward over the past month, though, and now sits at 5.8%.

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A lot of key numbers when it comes to the numbers of unemployed remained unchanged. The long-term unemployed, the participation rate, the number of people underemployed, and the number of "discouraged workers" - people who have basically given up looking for work - all remained relatively unchanged.

Average hourly earnings remained unchanged, but the length of Americans' workweek is the highest since May 2008.