You are here


Job growth down sharply even as jobless rate falls

Nonfarm payrolls up by only 38,000 jobs in May, the smallest gain since September 2010

A SAD TUNE: US employers hired 59,000 fewer workers in March and April. The government said the month-long Verizon strike had depressed employment growth by 34,000 jobs.


THE US economy created the fewest number of jobs in more than five years in May, hurt by a strike by Verizon workers and a fall in goods producing employment, pointing to labour market weakness that could make it difficult for the Federal Reserve to raise interest rates....

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to