Nonfarm payrolls added 54,000 jobs in May

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The US economy added 209,000 jobs in July. What does it mean for the gold market? Job Gains Strong In June. Total nonfarm payroll employment increased 209,000 in July, following an increase of 231,000 in June (after an upward revision), according to the U.S. Bureau of Labor Statistics.Analysts had expected 178,000 jobs to be created.

The U.S. Labor Department’s Bureau of Labor Statistics Employment Situation Report for May 2011 shows that total nonfarm payroll employment added 54,000 jobs following gains that averaged 220,000 jobs in the prior three months. For May 2011, the job gains continued in professional and business services, healthcare, and mining while employment levels in other major.

“Nonfarm employment sorely disappointed in May with only 54,000 jobs added following an average of 220,000 job gains in the previous three months. While nonfarm payrolls registered a lessthan-expected increase, much of the pullback was likely due to technical factors such as weather and the Japanese earthquake.

(1) Includes other industries, not shown separately. (2) Includes motor vehicles, motor vehicle bodies and trailers, and motor vehicle parts. (3) Includes ambulatory health care services, hospitals, and nursing and residential care facilities.

After several months of strong job growth, hiring in the United States slowed sharply in May, suggesting the economy is running out of steam once again. The Labor Department reported on Friday that the nation added 54,000 nonfarm payroll jobs last month, after an increase of about 220,000 jobs in.

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The economy averaged new nonfarm payroll jobs of 220,000 the prior three months. The Labor Department revised gains for March to 194,000 from 221,000 and for April to 232,000 from 244,000 .

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Employment data for June exceeded expectations, with nonfarm payrolls surging. brighter prospects may be expected for the U.S. economy ahead. Therefore, investing in mutual funds that focus heavily.

Nonfarm payroll employment changed little (+54,000) in May, and the unemployment rate was essentially unchanged at 9.1 percent, the U.S. Bureau of Labor Statistics reported today.