69,000 jobs and m$nbc runs this headline: Jobs growth all but stalls; jobless rate rises to 8.2%
The U.S. economy created a scant 69,000 jobs in May, much lower than expected and all but confirming that the U.S. economy is heading into its third consecutive spring slowdown.
The Labor Department reported Friday that the unemployment rate edged up to 8.2 percent, its first increase in 11 months, as American employers fretted over Europe, higher pump prices and the persistent problems in the housing market.
Non-farm payrolls rose by 69,000, the lowest increase in a year and well below the 150,000 jobs that economists had expected. The previous two months' numbers were also revised lower, adding to the concerns about a sputtering recovery.
"It's an awful number. Not only is it awful in its numerical terms, it comes at a very skittish time in the markets because of the European crisis," said Rick Meckler, president of Libertyview Capital Management.
http://economywatch.msnbc.msn.com/_news/2012/06/01/12006830-us-job-market-all-but-stalls-in-may?lite
= new reply since forum marked as read
put forward?
I blame Boner.
I agree with you that these numbers suck and I blame the Repigs for them.
