Job Growth Weakest in a Year; Unemployment Rate Up
Job Growth Weakest in a Year; Unemployment Rate Up 06/01/2012 By: Mark Lieberman, Five Star Institute Economist Enter your email to receive Daily Email Updates: The economy added just 69,000 jobs in May compared with a revised 77,000 in April down from the originally reported 115,000, the Bureau of Labor Statistics reported Friday. The unemployment rate in May edged up to 8.2 percent with 8.1 percent in April. March payrolls grew 146,000 compared with 154,000 as earlier reported. May job growth was the weakest since May 2011. Average weekly hours fell as well, dipping to 34.4 and average hourly earnings were up just two cents.