imagecreatefromstring() [function.imagecreatefromstring] No JPEG support in this PHP build

I am getting error mentioned in the subject when trying to upload in wordpress admin interface.
My server’s running nginx with php-fpm, PHP version is 5.3.0.

I’ve googled quite some regarding this problem but I wasn’t able to find any solution. Is there a way to enable JPG support for GD without recompiling the PHP completely? (I’ve tried to follow that path but I can’t get ./configure with all the needed to complete properly and I just don’t have time to fix all the errors with all the libraries).

Thanks!