US economy adds just 69,000 jobs, unemployment rises to 8.2%

US economy adds just 69,000 jobs, unemployment rises to 8.2% The world’s largest economy created only 69,000 jobs in May as a dismal payrolls report confirmed that the US recovery has lost momentum once again. The figures were significantly lower than the 150,000 expected increase.

The unemployment rate rose to 8.2 per cent from 8.1 per cent as more job seekers re-entered the workforce. Downward revisions for March and April subtracted a total of 49,000 jobs. US stock futures and Treasury yields dropped as the weak numbers were released against the backdrop of renewed uncertainty in the euro zone.
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