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US payrolls come in at +175,000Payrolls have beaten expectations...

  1. petrolf
    593 Posts.
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    07/06/13
    22:44
    Post #: 11863245
    US payrolls come in at +175,000
    Payrolls have beaten expectations in terms of jobs added but the jobless rate has unexpectedly risen.

    The US economy added 175,000 non-farm jobs in May, following a downwardly revised gain of 149,000 in April. That compares with a consensus forecast for 170,000 jobs to be added in May in a Reuters poll of economists.

    The unemployment rate rose to 7.6%, versus expectations for it to hold at 7.5%.
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