In May, the economy added 54,000 jobs, after a revised increase of 232,000 jobs in April (previously reported: 244,000). The print surprised the market on the downside, as analysts expected nonfarm payrolls to increase by 165,000. Owing to the weak reading, the unemployment rate rose for the first time in four months, inching up to 9.1% in May (April: 9.0%). Private sector hiring was entirely responsible for job creation, as it added 83,000 jobs which, nonetheless, were well below expectations of 170,000 new jobs. In contrast, the public sector continued cut payrolls by shedding 29,000 jobs, mostly at the state and local level. The economy lost an accumulated 7.4 million jobs between December 2007 ? the official start of the recession ? and its official end in June 2009. The tentative economic recovery observed since then has seen just 0.6 million new jobs, indicating that conditions in the labour market remain weak.
United States Unemployment
Unemployment unexpectedly rises in May
June 3, 2011
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United States Economic News
United States: Clinton’s lead over Trump widens but presidential election results are still uncertain
October 20, 2016
Only a few weeks ahead of the 8 November presidential elections, major polls suggest that Hillary Clinton has extended her lead over Donald Trump, but the presidential race will be decided in the most fiercely contested states.
October 14, 2016
In September, nominal retail sales expanded 0.6% over the previous month.
October 7, 2016
Non-farm payrolls grew 156,000 in September, which came in below August’s upwardly-revised increase of 167,000 (previously reported: +151,000).
October 3, 2016
The ISM manufacturing index increased more than expected in September and returned to expansionary territory, after a temporary setback in August.
September 27, 2016
The S&P/Case-Shiller 20-city home composite index rose 0.6% in July over the previous month.