Sunday, June 3, 2012

Friday's US Jobs Report Is So Stunningly Bad It's A Danger To The Global Economy

WASHINGTON (AP) — Another bad month for the U.S. job market is lengthening the list of perils facing the global economy.
American employers added only 69,000 jobs in May, the fewest in a year and not even close to what economists expected. For the first time since June, the unemployment rate rose, to 8.2 percent from 8.1 percent.
It was the third month in a row of weak job growth and further evidence that, just as in 2010 and 2011, a winter of hope for the economy has turned to a spring of disappointment.

Read more at Business Insider

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