Graphic: Economy Adds Only 54,000 Jobs in May

One economist calls the May jobs report “depressing”

June 3, 2011 RSS Feed Print

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After several months of promising gains, the economy hit a setback in May, adding far fewer jobs than economists expected. The unemployment rate crept up to 9.1 percent.

[Read our full story on May’s jobs report.]

Here’s how those numbers play into the employment trend of the last few years:

Jobs Graph May 2011

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Unemployment Graph May 2011

Tags:: employment,; economy,; careers,; unemployment

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The number one thing we need to focus on is NOT raising the debt ceiling, it is lowering the debt itself. It needs immediate action, and is more important than anything. If the US dollar were to fail, imagine the chaos our country would be in. It is a scary reality people.

someone of IN 3:59PM June 03, 2011

Wiith the federal reserve pumping hundreds of billions in short order into the economy and the jobless rate still is rising, the Obamanites should see that their bureaucratic solutions ( made by people that have never had a private sector job) don't work. DUH!!!
Decisions need to be made to make employers more comfortable with what will happen to them in the future. As we speak, they government wants to take more money from them and put more regulations on them. I am unemployed but have common sense enough to see obvious business psychology.

Rick of TX 2:55PM June 03, 2011

Major depression comes from the supply side this time for the first time. The lack of production in Japan forces the reduction of auto inventories in the country for the months to come. Any other critical components of manufactured goods, or services are in short supply. The disruption is from the supply shortage. However, Obama's policy is ill equipped with such slow downs.
Japanese production is slowly coming back up. Let's see if the slowdown here is temporary, or rather spiraling down again by the end of the summer. Probably how the debt ceiling revision is going to be fixed may be the indicator for how strong the next recovery can become.

Hew S of CT 2:17PM June 03, 2011