Friday, June 3, 2011

NFP: Payrolls expanded by 54,000 last month

The dollar extended its decline against the yen after a report showed U.S. employers in May added the fewest number of workers in eight months and unemployment unexpectedly rose to 9.1 percent, increasing concern the U.S. economic recovery is slowing.
Payrolls expanded by 54,000 last month, after a revised 232,000 increase in April, the Labor Department said today in Washington. The jobless rate rose to 9.1 percent. Employment was forecast to grow by 165,000 last month, according to the median estimate of economists surveyed by Bloomberg News.