Jobs report shows some worrying signs

The May jobs report looks fine on the surface, but underneath there are signs of weakening in the labor market.

Why it matters: The good news is that employers kept hiring at a healthy rate in May. But a few oddities in the report signal less momentum in the job market.

What they're saying: "There are now clear trends in the data, not just vague signs, that even if the train is chugging forward, more and more people are getting left behind at the station," Cory Stahle, an economist at job search site Indeed, wrote in a note. • "This isn't a bad report, per se, but there are clear signs of erosion just below the surface that may not be apparent just by looking only at the headline numbers," Stahle said.

By the numbers: Payroll employment rose by 139,000 in May, roughly in line with wha