Jobless Rate Up: Only 69,000 Jobs Added in May
Not what the White House -- or Americans -- wanted to hear:
The May jobs report, released moments ago, showed employers added fewer workers than expected last month, with nonfarm payrolls rising by only 69,000.
in May. The 69,000 number less than a third of the 250,000 jobs economists believe are needed each month to maintain population increases.
The % from 8.1% in April. The participation rate, defined by the Bureau of Labor Statistics (BLS) as the labor force as a percent of population, increased in May by 0.2 to 63.8%.
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