Bad news for the economic recovery. Unemployment rose to 9.1 percent in May from 9 percent in April. The Labor Department said last month's severe weather, high gasoline prices, and vehicle supply disruptions due to Japan's earthquake are partly to blame for the bad report. Nonfarm payrolls rose less than expected in May, adding only 54,000 jobs. Private employment rose 83,000, the least since last June, while government payrolls dropped 29,000. Economisits predicted payrolls to increase by 150,000, and anything less than 100,000 was seen to be a bad sign.
Read it at Reuters
