by the Sandwichman
May nonfarm employment fell by 345,000, much less than even the Sandwichman's revised prediction (between 570,000 and 635,000). Moreover, the April and March employment totals were both revised upward, resulting in reduced job losses for those months of -504,000 (-539,000 preliminary) and -652,000 (-699,000 first revision) respectively. Taking these revisions into account nonfarm employment now stands at 132,200,000, or 214,000 below the preliminary April number.
The BLS birth/death adjustment added in 220,000 jobs in May, compared to 176,000 for May 2008.
Meanwhile, the number of UNemployed persons increased by 787,000 in May, compared to 563,000 in April. And the unemployment rate increased to 9.4% from 8.9%