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The US economy added 172,000 jobs in May, more than double what was expected. On paper, that's a hot number. I'd look closer though. Nearly a third of it was government hiring, and once you strip that out the private sector added just 120,000, down from the month before. Almost all of that was restaurants, hotels, and hospitals. So outside health care and leisure, private hiring was close to nothing with finance actually cutting jobs. The revisions were the real positive. The prior two months got marked up by 93,000, after more than a year of being revised the other way. But that doesn't change the shape of it. The job market isn't weak, but it is narrow. And if you've already lost your job it's getting harder, not easier. The number of people out of work for half a year or more is up sharply over the past year. So the hiring is real, but it just isn't reaching most of the economy. A jobs boom that a lot of people can't actually find, and plenty of them have felt that for a while now, whatever the headline says. Where you are, does this match what you're seeing?

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