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1,600,000 more unemployed Americans today than 1 year ago - unemployment rate jumps to 5.5%

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Filed: Timeline

With employers worried about a sharp slowdown and their own prospects, they clamped down on hiring in May, said Friday's report from the Labor Department. The unemployment rate soared from 5 percent in April to 5.5 percent in May. That was the biggest one-month jump in the rate since February 1986. The increase left the jobless rate at its highest since October 2004.

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The government said the number of unemployed people grew by 861,000 in May -- rising to 8.5 million.

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A year ago, the number of unemployed stood at 6.9 million and the jobless rate was 4.5 percent.

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The unemployment rate is expected to climb to 6 percent or higher early next year.

http://biz.yahoo.com/ap/080606/economy.html

Man is made by his belief. As he believes, so he is.

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Filed: Citizen (apr) Country: Brazil
Timeline

* ~ * Charles * ~ *
 

I carry a gun because a cop is too heavy.

 

USE THE REPORT BUTTON INSTEAD OF MESSAGING A MODERATOR!

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Filed: Citizen (apr) Country: Brazil
Timeline
:lol:

Mods, feel free to lock this thread.

loser.gif

* ~ * Charles * ~ *
 

I carry a gun because a cop is too heavy.

 

USE THE REPORT BUTTON INSTEAD OF MESSAGING A MODERATOR!

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