2011/06/04

(86)US jobs data escalate fears of double dip


US jobs data escalate fears of double dip
The US economy added just 54,000 new jobs in May, confirming fears that the recovery has hit a soft patch as the unemployment rate ticked up to 9.1 per cent.
Non-farm payrolls rose far less than the 165,000 that economists polled by Bloomberg had expected and were well below the average 220,000 gain in the previous three months, the US labour department said.
The unemployment rate rose by a tenth of a point from 9 per cent in April, disappointing hopes that it would fall back to 8.9 per cent, but the increase was due to an expanding labour pool as more Americans searched for jobs. Out of a workforce of 153.7m, 13.9m people are unemployed...........

■Syria security forces kill 27 at Hama protests, rights group says
Syrian security forces killed 27 protesters in the city of Hama where tens of thousands had been demonstrating against President Bashar Assad on Friday, the Syrian Observatory for Human Rights said.
"There are also scores of wounded and the death toll may rise," the Observatory's Rami Abdulrahman told Reuters.
Three residents said that security forces, including snipers, fired from automatic rifles at thousands of demonstrators in the old quarter and in the nearby Assi Square in some of the biggest protests the city has seen since the uprising against President Bashar Assad erupted in March.........
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