Nonfarm payrolls added 54,000 jobs in May

U.S. payrolls grew by an estimated 54,000 in May, a meager gain compared to an average increase of 220,000 over the previous three months. The national unemployment rate edged up a tenth to 9.1 percent. According to the latest Labor Department estimates, nonfarm payrolls were little changed with a net increase of 54,000 jobs.

In the 12 months prior to February, the industry had added an average of 22,000 jobs per month. Employment in retail trade changed little in April (-12,000). Job losses occurred in general merchandise stores (-9,000), while motor vehicle and parts dealers added 8,000 jobs.

The Employment Situation report from the Bureau of Labor Statistics, known as the jobs report, was weaker than expected for March. Nonfarm payrolls added just 103,000 new. straight months (while.

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Employment Situation Summary – Bureau of Labor Statistics – Employment situation summary table A. Household data, seasonally adjusted ; Employment Situation Summary Table B. Establishment data, seasonally adjusted

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The United States added just 54,000 nonfarm payroll jobs over all in May, the Labor Department reported Friday, after having added an average of 220,000 in each of the three prior months. The May jobs report showed the slowest private-sector hiring in a year. After hopes had risen that the economy was picking up steam, hiring was lackluster across the board.

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The US economy added 209,000 jobs in July. What does it mean for the gold market? Job Gains Strong In June. Total nonfarm payroll employment increased 209,000 in July, following an increase of 231,000 in June (after an upward revision), according to the U.S. Bureau of Labor Statistics.Analysts had expected 178,000 jobs to be created.

“At the same time, that means that the jobs being added are sort of on the lower end of the pay scale, so that dampens overall wage growth,” she added. The average hourly earnings for all employees on.

NonFarm Payrolls report measures the number of jobs added or lost in the US economy over the last month. trading foreign exchange on margin carries a high level of risk and may not be suitable for.

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