The job market turned in a disappointing performance last month, notching only a slight gain of 54,000 jobs. The results fell way short of expectations. Economists had predicted that employment for May would increase by 160,000. Meanwhile, the jobless rate rose slightly, from 9 percent to 9.1 percent. Recommend on Facebook Tweet about it
The U.S. economy added 431,000 new jobs last month, but much of the growth was in the public sector, the Labor Department reported today. In May, the federal government hired 411,000 temporary workers for the Census. Unemployment was 9.7 percent, down from 9.9 percent in April. Last month, employment in temporary-help services jumped by 31,000. ...
The U.S. unemployment rate continued its upward climb in May, hitting 9.4 percent. It’s the highest level since August 1983. The good news is that the pace of job losses continues to ease. The economy shed 345,000 jobs last month, according to the Labor Department. In contrast, monthly losses have averaged 643,000 during the previous ...