Skip to comments.Jobless Rate Rises as Pace of Hiring Slows
Posted on 06/03/2011 6:22:39 AM PDT by TonyInOhio
WASHINGTONU.S. hiring slowed dramatically in May and the unemployment rate kept rising, adding to concerns the jobs market will take years to heal as the economy remains weak.
Nonfarm payrolls rose by 54,000 last month as the private sector posted the smallest jobs gain in nearly a year, the Labor Department said Friday in its survey of employers. Payrolls data for the previous two months were revised down by a total 39,000 to show increases of 232,000 jobs in April and 194,000 in March.
The jobless rate, which is obtained from a separate household survey, unexpectedly rose to 9.1% in May from 9.0% in April. There are almost 13.9 million Americans who would like to work but can't get a job.
(Excerpt) Read more at online.wsj.com ...
When you give unemployed people the hammock of food stamps, extended unemployment, retraining, etc. you skew the "real" stats even more.
Under my definition of unemployment, the US is probably closer to 20% than 10% right now. This will get worse as Obamanomics really kicks in. The monetary situation is headed for disaster in the next 18 months. Hussein will not survive the economic tsunami that is coming.
Laser-Like Focus on Jobs since when? 2009?
That’s going back some.
Ah ..the destruction of the United States is coming along quite nicely. Such great Progress!
We can probably expect an all-out attack on another Muslim country as a distraction; apparently there is no downside at the polls, and a lot of potential upside, to bombing Muslims. People were starting to believe Obama was American after bin Laden was killed; they have to keep that momentum going.