U.S. Added 69,000 Payrolls; Unemployment at 8.2%
June 1 (Bloomberg) -- American employers in May added the smallest number of workers in a year and the unemployment rate unexpectedly increased as job-seekers re-entered the workforce.
Payrolls climbed by 69,000 last month, less than the most-pessimistic forecast in a Bloomberg News survey, after a revised 77,000 gain in April that was smaller than initially estimated, Labor Department figures showed today in Washington. The jobless rate rose to 8.2 percent from 8.1 percent, while hours worked declined. Peter Cook reports on Bloomberg Television's "In the Loop." (Source: Bloomberg)