U.S. economy adds a disappointing 69K jobs in May
6/1/2012 10:21:30 AM"Unexpected", I'm sure. Do you notice a pattern? Every report is unexpectedly poor, and then in the fine print they revise down their earlier dissapointing figures. That being said, this 69K is too high and the 8.2% unemployment is too low. Fine job, Barry.
Five more months, five more months!!
U.S. employers created 69,000 jobs in May, the fewest in a year, and the unemployment rate ticked up. The dismal jobs figures could fan fears that the economy is sputtering.
The unemployment rate rose to 8.2 percent from 8.1 percent in April, the first increase in 11 months.
The Labor Department also says the economy created far fewer jobs in the previous two months than first thought. It revised those figures down to show 49,000 fewer jobs created.
Weak job growth could damage President Barack Obama's reelection prospects.