Friday, June 1, 2012

May Jobs Report: Unemployment Up

The May jobs report notes that the US added only 87,000 jobs in May, falling well below earlier estimates.  CNBC surveys areas of job growth:
The bulk of the employment gains came from the service sector, which added 84,000 jobs, while manufacturing grew 12,000. Government shaved 13,000 jobs, including 5,000 at the federal level. Private payrolls rose 82,000.
The unemployment rate climbs to 8.2% as economic growth appears to be stalling.

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