U.S. Hiring Slows in May - 54,000 Jobs Added / Unemployment Rate 9.1%
After several months of strong job growth, hiring slowed sharply in May, raising concerns once again about the underlying strength of the economic recovery, according to figures release by the US Department of Labor.
US added 54,000 non-farm payroll jobs last month, following an increase of 232,000 jobs in April. The unemployment rate has now increased to 9.1 percent from 9.0 percent the previous month.