The first Friday of each month, typically, brings the most-highly anticipated economic statistic from the Bureau of Labor in the USA...the Non-Farm Payroll report. The Non-Farm Payroll number is, at its simplest, the number of new employees who were hired (actually via a survey report) by businesses over the preceding month.
I won't get into exactly how it is calculated but want to show the trend over the past four months. There is an old adage in the economic forecasting community that, "one number doe not a trend make", however, this US Non-Farm Payroll report has been in decline for four months in a row, along with lower revisions:
Feb/16 - Was +242k but Revised to +233k
Mar/16 - Was +215k but Revised to +186k
Apr/16 - Was +160k but Revised to +123k
May/16 - Was +38k (we will have to wait until early July for June's report and any revisions to May)
Is that a trend?