Friday, June 01, 2007

Payrolls rebound in May!

US payrolls improved in May, rising by 157,000 jobs, or nearly double the revised 80,000 job gain in April according to the Labor Department. This was just above the pre-report estimate for a gain of between 140,000 and 150,000 jobs. As expected, the unemployment rate remained steady at 4.5%. Read More....