The economy is likely to shed another 500,000 jobs in may, the seventh straight month with at least a half million jobs lost, including 539,000 in April.The unemployment rate probably jumped from 8.9% to 9.2%, the highest since 1983. Over the past 10 years, the economy has created just 1.7 million net private-sector jobs, while the labor force has grown by 15.7 million. It's by far the weakest job growth since the Great Depression. In the previous 10-year span (from 1989 to 1999), the economy added 18.4 million private jobs. I thought the economy was suppose to be getting better, but i guess not. I could've sworn a article i wrote not to long ago said that the unemployment rate was going down...i guess they were lying. I'm really disappointed at the information presented in this article but yea i think it was presented fairly. Yes I would use market watch its a good website and it is very thorough with its information.
http://www.marketwatch.com/story/payrolls-shrunk-another-half-million-survey-says
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Deishnae, A lot has to do with amount of time being measured. Unemployment was not as bad for the prior week. Employment was also down for May but not as much as it had gone down in April, but if you look at the last 10 years it was awful because of the devastation of the last few years.
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