This is CBS.

I am the world.

I'm John Bachelors.

US employers added 339,000 jobs in May.

Rights to Wall Street Journal.

And the prior two months payrolls were revised up by nearly 100,000.

Adding, complicating the Fed's next decision on rates.

I welcome Jim McTay, my colleague of many years, longtime Washington editor of Barrett's

magazine, Now a Novelist.

He lives in Pennsylvania.

He observes the passing scene of the expectations of our Wall Street smart guys.

And what we had these last hours was a demonstration that we need a new team on Wall Street.

Jim, I know that they said 195,000.

I know that 339,000 has no resemblance to 195.

Will they pay a penalty for being so wrong?

Good evening to you Jim.

Good evening, Sean.

Gee, they were accountants.

They were so far off.

You know, the consensus was 190,000.

The jobs came in at 339, so they missed by 50%.

My analogy is, if they were helping evil, in 1975, compute how fast he would have to go

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