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U.S. July Nonfarm Payrolls Decline 51k, Unemployment Rate Up to 5.7%

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U.S. nonfarm payrolls declined for the seventh
straight month, falling less than expectations by a total of 51k jobs in
July, according to the Bureau of Labor Statistics on Friday. June’s
decline was revised to a loss of 51k jobs from an initially reported loss
of 62k jobs.

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August 4th, 2008 at 4:11 am

U.S. June Nonfarm Payrolls Decline 62k, Unemployment Rate Remains at 5.5%

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U.S. nonfarm payrolls declined for the sixth straight
month, falling in line with expectations by a total of 62k jobs in June,
according to the Bureau of Labor Statistics on Thursday. May’s jobs
figure was revised to a loss of 62k jobs from an initially reported loss
of 49k jobs.

The unemployment rate remained at 5.5% following the half-percentage
point surge in the rate last month.

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