It's Now Indisputable: We Have A Jobs Crisis | OurFuture.org
The Bureau of Labor Statistics reported an anemic number of new jobs created in May, 54,000. In other words, we're moving backward in terms of putting Americans back to work, as indicated by the uptick in the unemployment rate, to 9.1 percent.
For those who have been watching the other signs of economic slowdown in the past few weeks, from the continuing high level of weekly jobless claims to the double-dip recession now fully underway in housing, this is no surprise. Hours before today's jobs announcement, Bloomberg News noted: "Manufacturing grew in May at the slowest pace in more than a year...
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