Big, Positive Surprise In US Jobs Data
Posted on June 05, 2009 at 23:47 PM EDT
Just 345,000 jobs were lost last month, the smallest decline since last September. The unemployment rate, however, rose to 9.4% — its highest level since August 1983. The nonfarm payrolls number is shocking. The drop was less than even the most optimistic forecasts had predicted. A smaller-than-expected drop in construction and temporary ...