Friday, June 03, 2005


Forgot to place my over/under bet, but the new job numbers are crap.

June 3 (Bloomberg) -- U.S. employers added 78,000 workers to payrolls in May, the smallest rise since August 2003, evidence businesses may be having doubts about the economy with fuel prices near records. The unemployment rate fell to 5.1 percent

The increase, which was less than half as much as expected, follows a gain of 274,000 jobs in April, the same as previously estimated, the Labor Department said today in Washington. The jobless rate, down from 5.2 percent in April, was the lowest since September 2001.