Be Well: What the May Jobs Report Says About U.S. Economy
Marty Cantor, CPA and economic development consultant, joined Cheddar News to talk about the May jobs report. He said that despite numerous jobs being created, the economy is still slow growing because "the jobs we're creating are really filling the jobs that are retired so its being a superheated economy." Cantor noted that 3.5 million people have retired since the start of the pandemic.
Hurricane Nigel has formed in the Atlantic and is expected to intensify in the next 24 hours. Meanwhile, Lee brought rough surf along the U.S.-Canada border but the storm is expected to dissipate by Tuesday.
Authorities searched near two South Carolina lakes on Monday for a military jet that apparently crashed after the pilot safely ejected over the weekend.
