WASHINGTON, June 2: The US employers added only 75,000 new jobs in May, the Labour Department said on Friday in a report that signalled slower economic growth and led financial markets to slash bets on further interest-rate increases.
May’s non-farm payroll gain was the weakest since hurricane-depressed October and marked the third straight month in which employment growth had slowed. The unemployment rate, however, was a bright spot. It unexpectedly slipped to 4.6 per cent — the lowest since July 2001 — from 4.7 per cent in April.—Reuters
