Payrolls Probably Fell for Fifth Month: U.S. Economy Preview

June 1 (Bloomberg) -- The U.S. lost jobs for a fifth month in May and manufacturing contracted, signaling the economy is stagnating, economists said before reports this week.

Payrolls probably dropped by 60,000 workers, according to the median estimate of economists surveyed by Bloomberg News before the Labor Department's June 6 report. Figures tomorrow may show the Institute for Supply Management's factory index fell to 48.5 in May.

Source: Bloomberg


Post a Comment

You are welcome to post comments. However, please do not use Anonymous as your ID. At least, put in your initials for easy reference in further conversations.