Unimpressive May 2012 Job Report Fails to Meet Expectations
Stumbling Into Summer, Only 69,000 Jobs Added In May 2012
United States employers added only 69,000 jobs in May, the fewest in a year and far below expectations of 240,000.
Unemployment Up to 8.2%
With job growth stumbling, the slight increase in the unemployment rate by 0.1% to 8.2% is noticeable, especially since it was the first time it reached that level since June 2011.
Sources: Openforum, Time