Friday, June 3, 2011

Unemployment number up 0.1% to 9.1%; U6 at 15.8%

Fresh electrons from BLS: the official unemployment rate for May 2011 is up 0.1% to 9.1%. The broader measurement of unemployment (U6) is down 0.1% to 15.8%.

Non-farm payroll went up by a relatively small 54,000. Can't tell if this is bad news, but it sure isn't good news. 
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  1. AnonymousJune 6, 2011 at 1:26 PM

    I had heard on a news radio show that over half those 54,000 jobs were from the McDonald's hire frenzy from mid-late April. The hirings had occurred just after the job survey so they showed up in the latest one.

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looks like Blogger doesn't work with anonymous comments from Chrome browsers at the moment - works in Microsoft Edge, or from Chrome with a Blogger account - sorry! CJ 3/21/20

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