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Job growth stumbles, boosting pressure on Fed
Made popular 356 days ago in
Job growth braked sharply in May and the unemployment rate rose for the first time since June, putting pressure on the Federal Reserve to ease monetary policy further to shore up the sputtering recovery.
The Labor Department report on Friday, which showed employers added a paltry 69,000 jobs to their payrolls last month, the fewest since May last year, is also troubling news for President Barack Obama ahead of November's elections.
The unemployment rate rose to 8.2 percent from 8.1 percent partly because people flocked into the labor market.
Economists polled by Reuters had expected nonfarm payrolls to increase 150,000 and the jobless rate to hold steady at 8.1 percent.
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Are we falling back into a recession?
This is not a scientific survey,
to learn more. Results may not total 100% due to rounding and voting descrepencies.
356 days ago
With the "do nothing" president we have, I'm surprised we havent been in one all thing time.
The moron MUST GO! NOBOBO 2013!
356 days ago
This poll assumes that we ever started out of "a recession".
355 days ago
This recession may be worse than the previous one because of Europe. It doesn't bode well for Romney who will inherit a such a terrible situation from Obama.
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30 Reasons To Dislike Barack Obama
Made popular 21 days ago
Do you have to be a flaming Kool-Aid drinking liberal democrat to respect our failing president?
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