U.S. Jobless Rate Falls to 5%

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00018503-us-jobless-rate-falls-to-5/

By Rex Nutting, MarketWatch

The U.S. unemployment rate fell to 4-year low of 5% in June as the economy added 146,000 payroll jobs, the Labor Department said Friday.

After adjusting for upward revisions to April and May payrolls, June payrolls were close to the 194,000 gain expected by Wall Street economists.

May’s payrolls were revised to 104,000 from 78,000 previously.

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