Friday, June 3, 2011

Anemic May Job Growth, March and April Revised Down, Unemployment Rises to 9.1%

"Nonfarm payrolls increased 54,000 last month, the weakest reading since September, the Labor Department said on Friday.

Private employment rose just 83,000, the least since last June, while government payrolls dropped 29,000. Economists had expected payrolls to rise 150,000 and private hiring to increase 175,000 in May.

The government revised employment figures for March and April to show 39,000 fewer jobs created than previously estimated." - 06/03/2011

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