Published on 3 Jun 2016
Technology
is evolving quickly and that digitization is destroying a lot of U.S.
jobs, said TheStreet's Jim Cramer on the heels of the
worse-than-expected May employment report. The 38,000 jobs created in
May fell well short of consensus expectations of around 160,000. Also
not helping the employment figures is the fact that coal, rail and oil
jobs are 'going away' more quickly than people expected. Even banks are
shutting down branches because of smartphone apps that reduce the need
for bricks-and-mortar outposts.
No comments:
Post a Comment