May job growth slows as unemployment dips to 5.1
The Labor Department reports May payroll gains of 78,000 while the jobless rate falls to 5.1 percent. Weak May hiring follows a 274,000 rise in April amid high energy costs cooled production and backlogs. Wall Street stocks slide as investors worry about the economy.
MENTIONED IN THIS ARTICLE
Caro Yn Lacxo
Burger King
Chesterland
Ohio
Labor Department
Washington
May
Wall Street
Stocks drop on jobs report and oil prices push losses
On June 3, 2005, the Dow fell 92.52 to 10,460.97 and the S&P 500 slipped 8.27 to 1,196.02 as investors weighed a Labour Department payroll report showing 78,000 May jobs created and oil topping $55 a barrel. Analysts said weaker jobs data could push the Fed toward holding rates, tempering optimism amid a slow economy.
MENTIONED IN THIS ARTICLE
New York
NYSE
Mobile Tels
AES Cp
Motorola
AFLAC
NatSemi
AK Steel
Newmtm
AMR
Newscpa N
At&t
Newscpb
AbtLab
NokiaCp
NorteNet
AberFitc
AMD
NoFrkBes
Agerers
Alcoa
PepsiCo
Alltel
Pfizer
Altria
Phelpd
ProctGam
Amdocs
AmWest
Prudent
AmeExp
QwestCm
AmintGp If
SAP AG
AmTower
SBC Com
AnalogDev
Schergp
Avaya
Schimb
BP PLC
Schwab
BkofAm
Seagate
BKNY
SvceCp
Spratfon
BrMySq
StateStr
BidBearn
StorTch
CMS Eng
CVS Cp
CablesnNy
Calpine
Taiwiemi
Texinst
Citigro
TimeWarn
ClearChan
Titancp
Coachs
TollBros
Coca
Tycoint
ConocPhils
UtdMicro
CtiAir
US Banerp
Corning
US Steel
Camden S
Aldhith S
CypSem
UnumProv
Delphi If
Valeroe S
Delta Air
VerizonCm
Disney
Viacomb
Dynegy
EMC Cp
WellsFrgo
Elan
Wyeth
Xerox
ExxonMb
Ss Fedrds
FirstData
FirstEngy
FredMac II
Genentch
GenElec
GnMotr
Gillette
Close, Goldmans
Wk Guidant
Cing Hallibin
Air Product
Harvnres
Hewlett P
Jpmorgan Chase
Hilton
Cincinnati Bell
HomeDp
Cinergy
Convergys Corp
IBM
Dp&l
intPap
Jpmorgch
General Motors
Johnnn
Kroger
Kerr McG
Material Sciences
Kohis
Meadwestvace
Com
NCR
LSI Log
P&g
Libtyma
Wausau-Mosinee
Lyondel
Worthington
MBNA
Xerox Corp
Mgmmirs
Nasdaq Maxter
First Financial
Medtrnic
Smurfit-Stone
Mellonine
Wall Street
Labor Department
Federal Reserve
Fed
Michael Sheldon
Spencer Clarke LLC
Standard & Poor
Dow Jones
Standard & Poor's
Russell
Also Mentioned on This Page
Medica
Erriane
Arie
Amy Sancetta
THE
Associated Press
Middletown Journal
S&h
Setornbermantomar
Aytime
Addres
National
Virginia Beach
Middletownjournal
Readervalues
National Distribution Center
Production Road
Jubetota
Middletown
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