WASHINGTON (MarketWatch) - The U.S. added just 69,000 jobs in May, the
smallest increase in a year, the government reported Friday. Economists
surveyed by MarketWatch expected a 165,000 increase. The unemployment
rate, meanwhile, rose to 8.2% from 8.1%, mainly because more people
entered the labor force even as hiring slowed. The average workweek fell
0.1 hour to 34.4 in May, while average hourly earnings climbed 2 cents
to $23.41. Employment gains for April and March were revised lower. The
number of new jobs created in April was reduced to 77,000 from an
original estimate of 115,000, while March's figure was trimmed to
143,000 from 154,000.
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