May Unemployment Rises to 9.1%
- Posted on June 3, 2011 at 8:59am by
Jonathon M. Seidl
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WASHINGTON (AP) — 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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Comments (136)
tomloy
Posted on June 3, 2011 at 10:00amI think the true unemployment is probably closer to 18% than 9%.
Report Post »Whostolemypig
Posted on June 3, 2011 at 9:55amLess than 50% of all Americans have a job, and a large percentage of those are over paid, over benefited liberals on the public dole. Yeah for Obama style economic recover. We are now the Soviet Socials Republic of America. We now have Obama care, socialist medicine, well kinda. Your are forced to buy health insurance or be fined. Of course if you are on the “A” List you get an exemption.
Report Post »But you have no job, can’t buy food or shelter. Sounds like a plan to me, another liberal concoction of idiocy. Keep up the good work Obama, I’m sure chairman Mao would be proud of you.
SnowWolf
Posted on June 3, 2011 at 9:55amShould make for some Hilarious Campaign Commercials if Obama runs on his record
Report Post »SnowWolf
Posted on June 3, 2011 at 9:53amAtlas is shrugging…the policies of this administration are strangling the economy and will never get better with the Marxist Socialists in power….Free Market princeples can solve every problem Mankind Faces…its time to re-implement them
Report Post »GERATMO
Posted on June 3, 2011 at 9:50amIs this another summer of recovery? I think its only going to get worse.
Report Post »LoisLane1951
Posted on June 3, 2011 at 9:46amAnd the Obamaconomy just keeps rollin’ along.
Report Post »missy8s
Posted on June 3, 2011 at 9:36amChairman O will go down in history as the man who murdered America.
Report Post »vennoye
Posted on June 3, 2011 at 11:06amThink the proper word would be destroyed…….and it is beginning to look like he also can say……….
Report Post »“Mission Accomplished” And NO, that is not a slam at George W. Bush!!
bandi9
Posted on June 3, 2011 at 9:34amthe economy is slowing??? when was it ever “fasting”? there has never been a recovery!! nice try, AP.
Report Post »eat-more-bacon-USA
Posted on June 3, 2011 at 9:30am“Unemployment rate rose to 9.1 percent” – Gee, and after obama went on a week-long European vacation and played golf on Memorial Day and everything – What more can the “man” do?
Report Post »TRONINTHEMORNING
Posted on June 3, 2011 at 9:29amThe “shamestream” media won‘t talk about it I’m sure.
Report Post »psst
Posted on June 3, 2011 at 9:29amNo one in their right mind believe this crap about 9% or 9.1%
Report Post »Soetoro is cooking the books and everyone knows this.
It’s much higer than that.
Kevin
Posted on June 3, 2011 at 9:27amThey‘re going to be alot more jobs lost if the Courts don’t rule in the Power plants favor next week. My wife works at a power plant and they’ve already got the memo. Thousands of jobs will be lost in WV, OH, KY. Power plants will be shutting down all over the country and electricity will cost 4x as much as it does now. Obama and his green agenda has lost or prevented more jobs than he has created. They say coal-fired power plants are bad for the environment.. I say bull sh*t! Ask the people who work at the plants how bad it is. Ask those men and women who has worked their for 20, 30, 40 years.
Report Post »lcassavaugh
Posted on June 3, 2011 at 9:24amslowing? it hasn’t even been moving unless it was in reverse…..
Report Post »showmerancher
Posted on June 3, 2011 at 9:22amDuh! If you’ve read my posts around the net for the last two months, this was not a surprise… and this might just be the beginning.
But let‘s review this administration’s policies, bailouts, stimulus for how well they’ve worked…
Then, if you haven‘t yet read what silly ol’ me proposed at the time, do so and see if it would have been worse; I think not, but hey, I’m just a dumb hick that lives way out in the boonies. Of course, my way wouldn’t have had the banks now making record profits and paying out record bonuses… my plan was more targeted at making the taxpayers themselves more profitable… which is why it would never work; it didn’t pay off the Wall St., “K” St., Union, Congressional coalition.
If you haven’t yet, check it at http://comdinet.com/threepoint.html
Report Post »tinydd
Posted on June 3, 2011 at 9:18amOh I can’t wait for the left wingnuts trying to defend Obama on this one. But, but, uh, uh, but, but….
This President is a joke and will go down in history as the man who almost destroyed America…
2012 is our last chance to save this great country and if Obama is re-elected, I’m taking my money and leaving. I rather take my chances living in Mexico becuse at least there, you’ll have a better chance for survival.
Report Post »saranda
Posted on June 3, 2011 at 9:17amWhere are all the jobs created due to the extension of the Bush tax cuts? Neither side on this issue has a clue how to create a single job.
Report Post »2smart
Posted on June 3, 2011 at 1:23pmThe tax cuts are not a magic pill by itself. Senator Reid has done all he can to sabotage any meaningful growth. Out of control spending, debt limits, excessive regulation and the impending Obamacare does NOT instill confidence in prospective employers. Why don’t you call the dear Senator and ask him what his plan to deal with the economy is? He DOESN’T have one. Instead, he’ll tell you how bad the opposition is going to make your life miserable. THE DEMOCRATS HAVE NO PLAN, ONLY RHETORIC!
Report Post »saranda
Posted on June 4, 2011 at 10:46amMy point exactly. Neither side has a clue. When the repubs were insisting on the extension of the cuts they were presented as a “job creating” step. All it did was enrich repub supporters. I benefited from those cuts being extended, and I did not create a single job. My daughters travel this summer was partly paid by the cuts. Thanks.
Report Post »TRILO
Posted on June 3, 2011 at 9:14amAnd no one in Washington or Wall Street saw this coming. Yeh, right. The people on the street sure knew all of this. I’m tired of all the lies. My community is doing better than most though the prices for everyday goods and services is rising faster and faster. Now I try to buy only things that are on sale or in bulk. My $$ only goes half as far as it used to. How is all this hope and change working out for everyone.
Report Post »Aaron in Polk County
Posted on June 3, 2011 at 9:13amI am one of those able bodied Americans that is retired at 40.
Just doing my part boost the unemployment numbers.
Report Post »Rickfromillinois
Posted on June 3, 2011 at 9:25amSlacker. I waited until I was 57. (sorry for the weak joke). My wife and I looked at what we were making, my military retirement, and the money coming in from bonuses and overtime. Then we looked at what was going out in State and Federal taxes. Then I heard the talk of “means” testing for Social Security taking into account 401k and retirement funds. Turns out that after all of the government deductions that I was actually working for around 1/2 of what I thought I was. Got tired of working 60 to 70 hours a day to support those who either worked very little or none at all, so I said enough and retired.
Report Post »Aaron in Polk County
Posted on June 3, 2011 at 9:31amI am in a very similar situation (Navy). Except, that I made some “fortunate” (little play on words) investment decisions when I was in my twenties… and here we are.
What branch did you serve in?
Report Post »waitin42012
Posted on June 3, 2011 at 11:27amDitto. I was retired at 41 for nearly 2 years. Just accepted a job offer today. I can almost gurantee that this is one real estate industry job that I won’t be laid off from – REO Properties. Unfortunately, Arizona has tons of foreclosure properties, which I guess was lucky for me. This economy is just horrible. Even though I got a job, I should also mention that it is at the wage rate I was earning 20 years ago!!!
Report Post »hempstead1944
Posted on June 3, 2011 at 9:11amIf someone in the WH would pick up the phone and call a regular American….we could have told them there never was a recovery……just a propaganda sham from the WH and MSM
Report Post »GODSAMERICA
Posted on June 3, 2011 at 9:09amRead my lips! ‘It isn’t my fault that we have that high of unemployment. The level of unemployment is caused by Bush for the gas prices being so high and the Japanese caused the rest of the unemployment numbers. I did not cause any of this, I am innocent of all of it. I only bring you the hope and change that I promised you. It would have been a lot higher unemployment except for all the jobs that I have saved or created. I single handedly have saved America from higher employment rates.”
Report Post »(UNOFFICIAL STATEMENT BY OBAMA (OR BY TOTUS) ON THE ELIMINATION OF ALL THESE JOBS WHEN THESE FIGURES CAME OUT)
The_Almighty_Creestof
Posted on June 3, 2011 at 9:08amGee…maybe we ought to renew our own industrial capabilities and start building things other nations want…all non-union…and all paying an amount based upon what the job is worth…so, no one getting $72.00 an hour to be in charge of installing the 3 screws in the left headlight.
Report Post »rosegrower
Posted on June 3, 2011 at 3:21pmYou must be a mean, evil capitalist (sarc). Be more compassionate and let the Chinese slave labor live happily in their top-down society producing toxic goods for the U.S. Remember, Obama and his cronies admire Mao.
Report Post »cntrlfrk
Posted on June 3, 2011 at 9:07amI think it was because of the horrible snowstorms or something…
:o/
Report Post »pavnvet
Posted on June 3, 2011 at 10:14amNo, we all misunderstood Biden. He thought he said the stimulus would create 500,000 jobs a month. It was a typo that he read from, he meant to say 5,000.
All we need to do for next years elections is to play back these lying idiots own words over and over.
Report Post »jim
Posted on June 3, 2011 at 9:07amAt least Obama’s consistent… you gotta give him that.
Report Post »Lux
Posted on June 3, 2011 at 9:53amlol I was thinking the same thing while reading this article.
Report Post »CatB
Posted on June 3, 2011 at 12:10pmHis plan seems to be working….
TEA!
Report Post »biohazard23
Posted on June 3, 2011 at 9:05amHope and change, baby!!
Report Post »5410amh
Posted on June 3, 2011 at 9:24amI would like to extend my thanks to the federal government for the state of our enconomy. Just so you know when the economy crash’s like it did in 08 the best thing for the federal government to do is, cut taxes, regulation, and spending. Beyond doing that they should leave the economy alone when crash’s. When the feds get involved by doing stimulus and other stuff like it. It hurts the economy, that’s why the great depression lasted so long, there was so much government intervention that wouldn’t let businesses correct. And the only reason we got out of the great depression was because of WW2. Not because of the new deal. To understand more about why the federal government needs to stay out of the economy when it crash’s, you need to understand the “Boom Bust Cycle” of business.
Report Post »Al J Zira
Posted on June 3, 2011 at 9:02amUnemployment is probably closer to 12% since we never hear about those whove given up looking for jobs. It looks like this administrations plan to cripple this country is working exactly as planned.
Report Post »Gold Coin & Economic News
Posted on June 3, 2011 at 9:05amThe experts said it would be 8.9%. Ha! Market crash? Financial meltdown? Disaster? We shall see…
Report Post »Eblaze44
Posted on June 3, 2011 at 9:11amActual unemployment is still closer to 17 or 18%. This figure only counts those people applying for or collecting unemployment. It doesn’t count those that just graduated from high school or college that should be joining the work force, nor does it count those that have given up. the other thing it fails to count are those people on part time jobs or temporary jobs. Still it does prove that Obama’s “stimulus” trillions of dollars doesn‘t and hasn’t worked.
Report Post »VegasGuy
Posted on June 3, 2011 at 9:11amTrillions of dollars pissed away by both parties. The TEA party is our only solution!
Report Post »Stuck_in_CA
Posted on June 3, 2011 at 9:11amObama’s ineligibility: Picking up the pieces after political Armageddon
http://canadafreepress.com/index.php/article/37171
Report Post »Cemoto78
Posted on June 3, 2011 at 9:13amActually, I’d put in more in the range of 19 -22%. But Obama inherited it… and the funny thing, he has done everything he could to make it go higher and higher. I sure hope one of his relatives or close friends don’t leave him anything when they pass cause all he will do is pi$$ that away too. They would be much better served leaving their money to some tea party.
Report Post »13th Imam
Posted on June 3, 2011 at 9:15amAnother feather in Barry’s cap.
Report Post »teddrunk
Posted on June 3, 2011 at 9:17amBelieve me, it’s much higher than 9.1. Many people are no longer counted who are looking for work outside of a government agency.
Report Post »Polwatcher
Posted on June 3, 2011 at 9:20amHow that hope and change working for everyone?
Report Post »Snowleopard {gallery of cat folks}
Posted on June 3, 2011 at 9:29amSo now we get to see the effects of the administrations ongoing efforts to collapse the system; it will climb as more and more pressure are placed upon the system until all of it collapses into rubble and they will implement their own regime of control over the chaos they have done.
Report Post »NOTAMUSHROOM
Posted on June 3, 2011 at 9:37amDon’t panic! The Communist In Chief will just create some more government jobs! And we need more Reps and Senators for those seven extra states!
Report Post »sissykatz
Posted on June 3, 2011 at 9:40amI believe the unemployment rate is much higher than is actually reported. This country is in horrible shape. We have to get the “Right” person in to help turn all this around. God Bless this Country.
Snow and Grandma Good morning.. I hope all is well with you and the babies.
Report Post »PatrioticAmericanDad
Posted on June 3, 2011 at 9:55amIs this what Hope and Change looks like? With a recovery like this who needs a double dip recession!
Report Post »101
Posted on June 3, 2011 at 10:01amSchiffReport
http://www.youtube.com/user/SchiffReport
Report Post »seeker9
Posted on June 3, 2011 at 10:04amPelosi, Moore, Kerry, etc. need to spend their millions to be more patriotic and help the economy.
Report Post »VerySeniorCitizen
Posted on June 3, 2011 at 10:06amOf course it rose in May. Take a look at how many workers have been laid off by Governors in Florida, Wisconsin, New Jersey, Illinois, Indiana – and so it goes. Were those workers NOT part of the work force??
Report Post »TomFerrari
Posted on June 3, 2011 at 10:16amNo surprise.
Report Post »When McDonalds hires 60,000 employees in one month (last month) is skews the numbers up for that month. HOWEVER, just like car sales and ‘cash for clunkers’, it steals sales/new-hires from the future.
Last month’s numbers were artificially high, which means the numbers will correct themselves in the following periods. Let‘s say McD’s normally hires 60,000 over 4 months, then I would expect our next 4 months to be LOW until McD’s is ready to hire again.
I’m not saying McDonalds hiring is the cause of these numbers. Just that mass-hiring events do all the hiring at once and decrease the need for hiring in the future.
Clearly, the anemic size of this month’s numbers, shows that there is more than just McD’s going on.
The economy is coming to a SCREECHING halt.
Gas/Energy prices are UP!
Grocery prices are UP!
Cotton prices are UP! = clothing prices are UP!
Americans have already cut their spending to the bone.
INFLATION HAS BEGUN, IN FACT.
Since we cannot do without gas for our cars or food on our tables, we are forced to spend less and less.
When we spend less, employers don’t need as many employees.
Govt CAN’T DO ANYTHING to CREATE private sector jobs.
Anything they TRY to do is temporary and artificial and takes from the future.
However, government CAN do things to HINDER jobs – things like taxing, regulating, etc.
So, the only thing government CAN DO to “ASSIST” in job creation, is to GET THE HELL OUT OF THE WAY of those who DO create
cessna152
Posted on June 3, 2011 at 10:58amStupis, evil George Bush had 4.6% unemployment and was hammered by the BSM (Bill S#it Media) every single day. Now obummer has 9.1% unemployment (actually 17% according to the U6 on Govs site) and he is continually praised by the BSM.
Report Post »CatB
Posted on June 3, 2011 at 12:01pmAt VEGASGUY … Well said !!!
TEA!
Report Post »theonefromabove
Posted on June 3, 2011 at 12:43pmIt is much higher. Sad.
http://politicalbowl.com – Political Videos
Report Post »jacobstroubles
Posted on June 3, 2011 at 1:00pmCoRRECT! It’s all being done with malice.
Report Post »4blackhorses
Posted on June 3, 2011 at 3:01pmIt’s over 12%, try 15% verses the government’s “data.” The good ol Fed as usual isn’t owning up to all the story. The extra % are blacks and black teen-agers who can’t find work.
Report Post »Don’t know if anyone believes in Santy Clause and I hate to tell you all this but, HE’S DEAD!!
Mikeyyy
Posted on June 4, 2011 at 2:18amYes! we can!
Ah who needs jobs anyway
Report Post »old white guy
Posted on June 4, 2011 at 5:45amif the offical government number is 9.1 percent the real number must be 20 percent or hogher.
Report Post »old white guy
Posted on June 4, 2011 at 5:46amhigher. too early.
Report Post »militiaman
Posted on June 4, 2011 at 8:27amA true unemployment figure would include EVERYBODY unemployed, whether they’re actively looking or gave up out of frustration. Only a government agency can skew figures and expect them to be taken as accurate just because they say so.
9.1 unemloyment is bogus. People who closely track the jobs figures have been declaring for the last two years that true unemployment is between 16-18%, and some credible analysts are putting the figure as high as 22%.
Whatever the case, it can’t be denied the economy is still dropping. The stimulus money is running the last of its course right now, with some of it in certain sectors gone completely. As many forecast, the collapse occurring in 08/09 was stymied somewhat by the stimulus and, as they said it would, it is continuing its fall now that funds are all used up.
For the first time since Obama was elected, many of his supporters have stopped trying to flim flam the public into believing we’re on the rebound and are now revealing an edge of hysteria in their voices. However, they’re still using euphemisms like “double dip” recession, while many others are declaring outright that we’re headed for a severe depression.
Unemployment is edging upward again and the housing market is still on a downward spiral. The MSM want us to believe that the key to prosperity is getting consumer spending up, without realizing that it isn‘t possible for people to spend more if they don’t have more.
Unfortunately, things will ge
Report Post »militiaman
Posted on June 4, 2011 at 8:46amHave you noticed more patrol cars writing tickets in your area? I have.
Have you noticed that the cost of license fees and other taxes have increased these last two years? I have.
But it isn‘t as bad as it’s going to get yet. Bloated government bureaucracies on all levels are getting less revenue and are having to cut bloated programs in order to balance their budgets. Stimulus money helped them these last two years, but there wasn’t enough of it to carry on forever. It’s running out, as I’ve mentioned before, and city, county, and state authorities are screeching like maniacs for fear of having to downsize both assets and personnel.
Camden New Jersey and Newark had to cut their fire and police forces by about a third and both cities are among the highest crime areas in the country today. Other cities are enacting the same kinds of austerity programs. The greatest danger to the tax paying public, however, is that these same jurisdictions will go into hysterical mode by raising property taxes and increasing the increases they’ve already put into effect as a last gasp dying effort to save themselves from losing anymore power. As mentioned previously, they already have patrol cars roaming the streets writing tickets for additionl revenue.
In the end, their efforts will be too little, too late, but, in the process of it all, we’re going to be saddled with permanent increases in direct taxes and services that will hurt everyone seriously.
Report Post »