Five experts give their initial reactions to the disappointing May jobs numbers

Job creation disappointed again in May, with nonfarm payrolls up what normally would be considered a solid 559,000 but still short of lofty expectations, the Labor Department reported Friday. Austan Goolsbee, professor at the University of Chicago Booth School of Business and former Chairman of the Council of Economic Advisors, Diana Furchtgott-Roth, former acting secretary for economic policy at the Treasury Department, and Kate Moore, head of thematic strategy at BlackRock's Global Allocation Investment team, joined "Squawk Box" on Friday to discuss what the numbers may mean for the economy and markets.