The U.S. created just 75,000 new jobs in May and employment gains in the prior two months were scaled back, offering more evidence that the economy is slowing.
The unemployment rate was flat at 3.6%. The increase in new jobs was way below the 185,000 MarketWatch forecast. The average wage paid to American workers rose 6 cents, or 0.2%, to $27.83 an hour. Yet the 12-month rate of hourly wage gains slowed to 3.1% from 3.2%. Hours worked each week was unchanged at 34.4.
The government revised the increase in new jobs in April down to 224,000 from a preliminary 263,000. March's gain was cut to 153,000 from 189,000.
Source : MarketWatch