Nonfarm payrolls fell 125,000, their first month of losses this year, as the government let 225,000 census workers go, the Labor Department said Friday. Private-sector employment grew by a slight 83,000 jobs on a seasonally adjusted basis, and seems to have downshifted from average gains of nearly 200,000 in March and April.
The unemployment rate declined to 9.5% from 9.7% in May, but not because more jobs were available. Instead, 652,000 workers dropped out of the labor force, meaning they weren't counted as unemployed and looking for work.
"The biggest problem is, we're getting economic growth but it's less than people had expected," said John Silvia, a Wells Fargo Securities economist.
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