Staffing & Employment News
Big Disappointment in the Jobs Numbers this Month.
At half of what was expected, the U.S. added only 69,000 jobs in May.
The pace of hiring slowed sharply, and the weakness was across the board. Some economists attribute this to employers taking the sideline in the midst of economic uncertainties in Europe and fears of a global slowdown.
March and April were both downwardly revised by about 50,000 jobs. Unemployment rate rose for the first time in almost a year, to 8.2 percent from 8.1 percent.
This month marks the third year since the Great Recession officially ended. And yet, we have a net of 5 million jobs less than we did in December 2007.