The latest jobs report fell significantly short of expectations, though the White House and Democrats stress this marks the 15th straight month that private-sector employment has grown. Still, stories like this aren't good on a day the White House was hoping to tout the economic recovery.
In yet another alarm bell of a weakening U.S. economy, the job market took a disappointing turn in May.
The economy gained a mere 54,000 jobs in the month, a significant slowdown from 232,000 jobs added to payrolls in April, the government reported Friday.
The report was a major disappointment to economists who were expecting a gain of 170,000 jobs, according to a CNNMoney survey. Most believe the economy needs to add about 150,000 jobs a month just to keep pace with population growth.