Friday, June 3, 2011
The DOL has released its unemployment report for May and it's pretty tepid. Only 54,000 jobs were added, far less than the 200,000+ additional jobs we've seen the last several months. The unemployment rate went up to 9.1%, from last month's 9.0%. Some of the fall off may be because of things such as the Japanese tsunami and higher oil prices, but it's still not good news for the recovery.