Dismal job gains in May labor reportPosted 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.
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