Here's the latest economic news:
Private sector added 133,000 jobs in May, according to ADP, fewer than the 150,000 expected by economists. (Source: Wall Street Journal)
Private sector adds 133k jobs in May, ADP reports. Forecast was for 148k gain. (Source: Fox Business News)
2nd read on U.S. GDP shows economy grew at annualized rate of 1.9% in 1Q. Matching forecast, but slower than 1st estimate of 2.2%. (Source: Fox Business News)And, the Rasmussen Poll shows that 59% say U.S. currently in a recession. Forward, indeed.
UPDATE (6/1/12): U.S. employers created 69,000 jobs in May, the fewest in a year. The
unemployment rate rose to 8.2 percent from 8.1 percent in April, the first
increase in 11 months.
The dismal jobs figures could fan fears that the economy is sputtering. (Source: Washington Post)
The dismal jobs figures could fan fears that the economy is sputtering. (Source: Washington Post)
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