Heather Long

RT @NickTimiraos: On an unrounded basis, the unemployment rate ticked up to 4.244% in May from 4.187% in April. The high last year was 4.2…

The big picture takeaway on May jobs report: 1) A recession does not look imminent 2) But...hiring has slowed down. 3) Only healthcare and hospitality are hiring much now 4) -49,200 federal gov't jobs shed since December 5) -95,000 down in job revisions for March & April This https://t.co/hFF0VpN9UX

One big caveat in the May jobs report = a big decline (-625,000) in the labor force. It appears many people suddenly left work and the labor force entirely. That's a bit odd. We'll have to see what the coming months show. https://t.co/sMYz7xQwhu

This is an "abundance of caution" economy. Companies outside healthcare and restaurants are hesitant to hire. Temporary help jobs are being slashed Professional/biz services aren't hiring Manufacturing is cutting jobs Even retail is shedding jobs The big picture: 2021: https://t.co/DCtQkoVug0

The May job gains were highly concentrated in healthcare and hospitality. About 80% of the job gains came in those two sectors. Total jobs added: 139,000 Healthcare: 62,000 Hospitality: 48,000 (restaurants +30k) Local gov't 21,000 Social assist 16,000 Finance 13,000 https://t.co/k7yMsmEfXu

Just In: The US economy added 139,000 jobs in May. That’s a tad above expectations of 125k, but there were big revisions down for March and April. -->Note that nearly half of the May job gains were in healthcare. And the federal government shed -22,000 jobs. Unemployment rate https://t.co/q1Uq4RBghw

Huge congrats to @JStein_WaPo on his book deal. Jeff is one of the best reporters I have ever worked with. Can’t wait to read this book 📕🙏

Jeff Stein @JStein_WaPo

Really excited for this announcement & to get started on the writing and reporting https://t.co/ZTjhCRbvRr

Caution sign: New jobless claims are ticking up. The numbers are still low, but there's an upward trend. This is key to watch. The main reason the US economy has been so resilient is 159.5 million people are still employed and getting paychecks. If that goes down, a downward https://t.co/X8gfQWudUw

RT @ericadyork: New CBO estimates on Trump's tariffs‼️ The tariffs in place as of May 13 would raise $2.5 trillion in federal tax revenue…

RT @bencasselman: CBO is out with its final cost estimate of the tax-and-spending bill passed by the House. - Revenue ⬇️ by $3.7 trillion o…

PERSONAL NEWS: After ~20 years as an economic journalist, I'm making an exciting switch. I started this week as chief economist @NavyFederal Navy Federal has a deep history of serving military members, veterans (including my father), and the middle class. I'm honored to join https://t.co/i0acz385BM

Never a dull moment in Trump trade policy… President Trump just announced steel tariffs will double from 25% now to 50%. He made the announcement while visiting US Steel workers. He told them: “That means that nobody is going to be able to steal your industry. It’s at 25%, https://t.co/8kVl4OSBd2

66% of US consumers expect unemployment to rise, up from less than 33% in November. 64% of consumers expect business conditions to worse in the year ahead, up from 29% in November. --> "Consumers continue to worry that they may be PERSONALLY impacted by a macroeconomic https://t.co/JcG2qUbidC

RT @NickTimiraos: The White House is considering a stopgap effort to impose tariffs on swaths of the global economy under a never-before-us…