Jobs Report Is an Upside SurpriseMoira Herbst
The U.S. shed 345,000 jobs in May, the government reported on June 5—far fewer than analysts expected. However, the unemployment rate rose to 9.4% from 8.9% in April. Analysts had predicted that 550,000 jobs would be lost in May and the unemployment rate would reach 9.2%.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.