John King, USA

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May jobs report: Hiring slows, unemployment rises
June 1st, 2012
11:41 AM ET

May jobs report: Hiring slows, unemployment rises

Tune in tonight to John King, USA as we take you behind the numbers of the jobs report and what it means for you and your bottom line.

NEW YORK (CNNMoney) - Businesses hired far fewer workers than expected in May, throwing into doubt the strength of the economic recovery.

Only 69,000 jobs were added last month, the weakest growth in a year. The unemployment rate rose to 8.2%, as people rejoined the labor force.

Economists surveyed by CNNMoney had expected to see employers add 150,000 jobs and the unemployment rate to remain at 8.1%.

Revisions from previous months also showed the economy gained 49,000 fewer jobs in March and April than originally thought.

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Filed under: CNN Money • Economy • Jobs Report
soundoff (One Response)
  1. Robert

    unemployment problem is a great problem in any country.This blog is so so helpful to work less people.I found this cool Out of Work parody to Katy Perry's Firework. Can't decide if it makes me feel better or worse about being out of work.

    June 8, 2012 at 5:34 pm |