Friday, June 04, 2010
U.S. Adds Jobs in May, but Private Hiring Disappoints - NYTimes.com: ""
By CHRISTINE HAUSER
Employers added 431,000 nonfarm jobs nationwide in May, the biggest increase in a single month in a decade, the Labor Department said Friday. But the bulk of the growth was in government jobs, driven by hiring for the Census, and private-sector job growth was weak.
The unemployment rate fell to 9.7 percent nationwide, from 9.9 percent in April, the department said.
The figures for May represented the fifth consecutive month that payrolls have risen, but fell below analysts’ expectations that 540,000 jobs would be added to the economy. Most of the private-sector gains were in manufacturing, but over all, the figures suggest that nongovernment hiring was weak.