This Job Market Slump Started a While Ago
By Justin Fox
The sharp May hiring slowdown revealed in Friday's employment report took a lot of people -- including me -- by surprise. It shouldn't have. Things have actually been on the downswing for the U.S. labor market for months, according to the Federal Reserve's Labor Market Conditions Index.
http://www.bloomberg.com/view/articles/2016-06-06/this-u-s-job-market-slump-started-a-while-ago
Interesting read with a lot of data to understand.