Yellen calls jobs report ‘disappointing’

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The May jobs report that showed only 38,000 new jobs was “disappointing,” Federal Reserve chairwoman Janet Yellen said Monday.

Yellen weighed in on the jobs report and the overall economy in a speech delivered in Philadelphia, calling the most recent jobs report concerning. She said, however, that “one should never attach too much significance to any single monthly report,” and that other jobs indicators have been strong.

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