Kiplinger Jobs Outlook: Job Growth Will Be on an Easing Trend

Job gains had a strong month in May, but should return to a moderating trend in June.

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Jobs grew by 272,000 in May, which was above economists’ expectations and a pickup from the 165,000 gain in April. Healthcare continued its usual strong gains. State and local government added 43,000 workers, as did leisure and hospitality. 

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David Payne
Staff Economist, The Kiplinger Letter

David is both staff economist and reporter for The Kiplinger Letter, overseeing Kiplinger forecasts for the U.S. and world economies. Previously, he was senior principal economist in the Center for Forecasting and Modeling at IHS/GlobalInsight, and an economist in the Chief Economist's Office of the U.S. Department of Commerce. David has co-written weekly reports on economic conditions since 1992, and has forecasted GDP and its components since 1995, beating the Blue Chip Indicators forecasts two-thirds of the time. David is a Certified Business Economist as recognized by the National Association for Business Economics. He has two master's degrees and is ABD in economics from the University of North Carolina at Chapel Hill.