American employers in May added the smallest number of workers in a year and the unemployment rate unexpectedly increased as job-seekers re-entered the workforce, further evidence that the labor-market recovery is stalling.
Payrolls climbed by 69,000 last month, less than the most- pessimistic forecast in a Bloomberg News survey, after a revised 77,000 gain in April that was smaller than initially estimated, Labor Department figures showed today in Washington. The median estimate called for a 150,000 May advance. The jobless rate rose to 8.2 percent from 8.1 percent, while hours worked declined
Friday, June 1, 2012
Bad Unemployment News
It doesn't matter what Barack Obama smoked in high school, what Mitt Romney did to his dog, or what a wacko billionaire says about Hawaiian birth certificates. If the economic news stays this bad, Obama loses. From Bloomberg: