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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> Augustine Faucher

Dismal job gains in May labor report

Posted by RJ and Makay on Jun 03, 2011

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The pace of U.S. hiring slowed last month with non-farm payrolls adding only 54,000 jobs in May, about a third of what economists had forecasted for the month, according to the Labor Department.  It was the smallest monthly job gain in almost a year.  The unemployment rate increased to 9.1% from 9.0% in April.  Economists surveyed by the Dow Jones News Wire had expected payroll gains of 185,000.