WASHINGTON: Employers in the US hired fewer workers in May than forecast, showing a lack of confidence in the recovery that may lead to slower economic growth. Payrolls rose by 4,31,000 last month after a 2,90,000 increase in April, figures from the Labour Department in Washington showed on Friday. The gain was smaller than the 5,36,000 median forecast in a Bloomberg News survey and reflected a 4,11,000 jump in government hiring of temporary help for the 2010 census. Private payrolls rose a less-than-forecast 41,000. The unemployment rate fell to 9.7 percent as Americans dropped out of the labor force. Staff reductions at companies such as Hewlett-Packard Co. and Citigroup Inc. indicate a...
Source: http://rss.wn.com
0 comments:
Post a Comment