Friday, June 3, 2011
US employment growth brakes sharply in May
US employment rose far less than expected in May to record its weakest reading since September, while the jobless rate rose to 9.1 percent as high energy prices and the effects of Japan's earthquake bogged down the economy.
Nonfarm payrolls increased 54,000 last month, the Labor Department said, with private employment rising 83,000, the least amount since June. Government payrolls dropped 29,000.
The Labor Department said severe weather last month, including tornadoes and flooding, in the Midwest and the South did not materially affect data collection.
It also said that while some workers in those regions may have been temporarily displaced from their jobs, it found "no clear impact of the disasters on the national employment and unemployment data for May."
Nonfarm payrolls increased 54,000 last month, the Labor Department said, with private employment rising 83,000, the least amount since June. Government payrolls dropped 29,000.
The Labor Department said severe weather last month, including tornadoes and flooding, in the Midwest and the South did not materially affect data collection.
It also said that while some workers in those regions may have been temporarily displaced from their jobs, it found "no clear impact of the disasters on the national employment and unemployment data for May."
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