Employers Add Fewest Jobs in Eight Months; Jobless Rate Hits 9.1%

Employers hired only 54,000 new workers in May, the fewest in eight months, and the unemployment rate rose to 9.1 percent.

The Labor Department report offered startling evidence that the U.S. economy is slowing, hampered by high gas prices and natural disasters in Japan that have hurt U.S. manufacturers.

The pace of hiring has weakened dramatically from the previous three months, when the economy added an average of 220,000 new jobs. Private companies hired only 83,000 new workers in May - the fewest in nearly a year.

Stock futures plunged after the report was released.

Local governments cut 28,000 jobs last month, the most since November. Nearly 18,000 of those jobs were in education.

Cities and counties have cut jobs for 22 straight months and have shed 446,000 positions since September 2008.

More people entered the work force last in May. But most of the new entrants couldn't find work. That pushed the unemployment rate up from 9.0 percent in April. The number of unemployed rose to 13.9 million.

And the government revised the previous months' job totals to show 39,000 fewer jobs were created in March and April than first thought.

The weakness in hiring was widespread. Manufacturers cut 5,000 jobs, the first job loss in that sector in seven months. That included a drop of 3,400 jobs in the auto sector. Several Japanese car makers reined in production due to supply disruptions stemming from the March 11 earthquake.

Retailers cut 8,500 positions, after adding 64,000 in April. And leisure and hospitality which includes restaurants and hotels, cut 6,000 jobs. That came after they added an average of 43,000 in the previous three months.

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inasctg56

Under Bush we were losing 750,000 jobs per month and under Obama we were gaining 250,000 per month until the house republicans came into the picture. There are 5 or 6 jobs bills passed by the senate sitting in the house that they refuse to vote on. They are standing in the way of an economic recovery because of the 2012 elections. Shame on them for holding our country hostage in the name of big oil subsidies and tax cuts for the wealthy. When are you folks going to learn that their campaign rhetoric is just that. Where are the jobs and just who are they fighting for again and again? Corporations, big oil, wall street, and the upper incomes.

July 18 2011 at 12:06 PM Report abuse +1 rate up rate down Reply
GazFreeFood

Do you have a plan B? With the economy expected to get worse. My family has cut back in all areas but still continued to struggle. I am so thankful because someone shared with me an opportunity to eliminate my family’s grocery and gas expense. If this would help you check it out: http://www.groceriesforfree.biz/gaz

June 28 2011 at 3:26 PM Report abuse rate up rate down Reply
Raul

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June 26 2011 at 8:34 PM Report abuse rate up rate down Reply
donmitchel2

Manufacturing jobs are created where cost are low. The following report for Congress in DEC 2009 that explains that national ballast water legislation would do the same thing as tariffs, plus protect our environment from the carbon footprint and dirty water trail of foreign ships bringing foreign manufactured imports into our country, stealing jobs from Americans. “Although estimates of the costs of ballast treatment may be imprecise and vary from vessel to

vessel, there is some general agreement on average costs. For example, it may cost an estimated $400,000 per vessel for modification of container/bulk vessels to use onshore ballast water treatment facilities at California ports. More generally, the cost of retrofitting vessels to treat

ballast water has been estimated at between $200,000 and $310,000 per vessel for mechanical

treatment and around $300,000 for chemical treatment. Most of this expense will be borne by

foreign shipping companies, as the U.S. flag fleet is a small percentage of the global fleet, and

likely passed along to consumers of products imported on these ships.”

June 25 2011 at 7:47 AM Report abuse rate up rate down Reply
Danish Khatri

YourStuffWork Health Entertainment Adventure Auto Tips E-Book Computer Science www.YourStuffWork.com

June 19 2011 at 2:31 PM Report abuse rate up rate down Reply
scottee

this is how WE fix congress. we don't have to continue to be their victims! demand they pass the 28th amendment.

Congressio­nal Reform Act of 2011

1. Term Limits.

12 years only, one of the possible options below…

A. Two Six-year Senate terms

B. Six Two-year House terms

C. One Six-year Senate term and three Two-Year House terms

2. No Tenure / No Pension.

A Congressma­n collects a salary while in office and receives no pay when they are out of office.
3. Congress (past, present & future) participat­es in Social Security.

All funds in the Congressio­nal retirement fund move to the Social Security system immediatel­y. All future funds flow into the Social
Security system, and Congress participat­es with the American people.

4. Congress can purchase their own retirement plan, just as all Americans do.
5. Congress will no longer vote themselves a pay raise. Congressio­nal pay will rise by the lower of CPI or 3%.

6. Congress loses their current health care system and participat­es in the same health care system as the American people.

7. Congress must equally abide by all laws they impose on the American people.

8. All contracts with past and present Congressme­n are void effective 1/1/11.

June 11 2011 at 9:32 AM Report abuse rate up rate down Reply
rdins4

Obama has no idea what to do, it's gotten worse and worse since he has taken office.

June 08 2011 at 7:09 PM Report abuse rate up rate down Reply
dwuzze

November .... let me think back ... 8 months ago... Well so mugh for the JOBS the republikakakonns campaigned on ... and so much for the "miracle" of job creation by extending the Bush cuts

June 08 2011 at 12:06 PM Report abuse rate up rate down Reply
rdins4

Obama will run the money machine 24x7, I'm sure that will fix everything .....

June 07 2011 at 7:57 PM Report abuse rate up rate down Reply
Samir semaan

What many economist don't know about economy is always a correction that happen last year and people said the economy is stagering while people are building or renovating their homes all this because financials miss the lending prosess to consumers and small business owners and now they stagers because unless banks make profit on lending their margin will be short of the expectation. the government have a role to playand that to provide the environment necessary for growth by spending cuts and open the office of anticorruption in the federal bureau, while the shield office must be there so you can manage the streets for safety protection.

June 06 2011 at 12:25 AM Report abuse rate up rate down Reply