SIGN UP FOR THE BREITBART EMAIL NEWSLETTER

Kudlow on May’s Poor Employment Report: ‘We Are in a Mild Business Recession’

Economist Larry Kudlow reacted Friday on “The Steve Malzberg Show” to the Obama administrations’s poor numbers for the month of May’s jobs report, saying he believes the country is entering “a mild business recession.”

“It’s been five months now and the only reason the unemployment rate fell a bit is because 458,000 people left the labor force,” Kudlow explained.

“It’s not a pretty picture” he added. “I think we are in a mild business recession. “It’s not a whole economy recession, because consumers are still spending some and housing is OK, but I gotta tell ya — business recessions are always the leading indicator.”

(h/t Real Clear Politics)

Follow Trent Baker on Twitter @MagnifiTrent

P.S. DO YOU WANT MORE ARTICLES
LIKE THIS ONE DELIVERED RIGHT TO YOUR INBOX?
SIGN UP FOR THE DAILY BREITBART NEWSLETTER.


Comment count on this article reflects comments made on Breitbart.com and Facebook. Visit Breitbart's Facebook Page.

SIGN UP FOR THE OFFICIAL
BREITBART EMAIL NEWSLETTER

GET TODAY'S TOP NEWS DELIVERED RIGHT TO YOUR INBOX

I don't want to get today's top news.

x