The U.S. economy likely shed jobs for the fifth straight month in May as flagging consumer confidence and the worst housing bust in generations discouraged hiring.
The economy is expected to have lost 58,000 jobs in May, after losing 20,000 a month earlier, according to a Reuters poll of 90 economists.
The Labor Department report is scheduled to be released on Friday at 8:30 a.m.
Friday, June 06, 2008
Friday's Jobs Report Likely To Show Loss of 58,000
CNBC reports:
