Payroll Growth Stalls With 75,000 New Jobs - Forbes.com

Sigh. Bad employment news:

Payroll Growth Stalls With 75,000 New Jobs - Forbes.com:

By JEANNINE AVERSA , 06.02.2006, 08:42 AM: Job growth faltered in May, with employers boosting payrolls by just 75,000. Yet the nation's unemployment rate dipped to 4.6 percent, the lowest since the summer of 2001. The latest snapshot, released by the Labor Department on Friday, offered a mixed picture of the jobs climate. Wage growth, meanwhile, slowed, a development that should ease concerns about inflation getting out of hand. The count of new jobs generated last month - 75,000 - was the smallest since October, when hiring practically stalled as companies were jolted by fallout from the Gulf Coast hurricanes. Job gains for March and April turned out to be weaker than previously reported...

I guess we aren't going to be getting any labor force upgrading in a high-pressure economy this business cycle.