Skip Nav
Relationships
Spice Up Your Relationship With This 30-Day Challenge
Summer
25 Summer Date Night Ideas
Wedding
This Vintage-Inspired New York Elopement Is Cool and Classy All at Once

Unemployment Rate Jumps to 5.5 Percent in May

Click to Read

Unemployment Rate Jumps to 5.5 Percent in May
The nation's unemployment rate jumped to 5.5 percent in May — the biggest monthly rise since 1986 — as nervous employers cut 49,000 jobs. The latest snapshot of business conditions showed a deeply troubled economy, with dwindling job opportunities in a time of continuing hardship in the housing, credit and financial sectors.

0 Comments
Around The Web
Join The Conversation
yesteryear yesteryear 8 years
as the resident economist 'round here i'll just say that i am not surprised by these numbers. at times an unemployment rate increase can indicate uncertainty in those who are looking for jobs. people who've been unemployed for a while might have thought they'd be able to find something right away but now might be signing up for benefits now because the job market is pretty tough. as with all numbers - they can be interpreted a variety of ways.
tiff58 tiff58 8 years
I saw this on the news just a little while ago. So scary, and it makes me sad because my dad is one of them. Cine, I'm really sorry. I hope that you find something really soon.
cine_lover cine_lover 8 years
Thanks ladies! I knew it was coming. I am actually glad it was me and not someone with a mortgage and a child. I have neither, so it is what is best. Now I just need to figure out how to pay for my wedding :ponder:
bellaressa bellaressa 8 years
Sorry Cine-I wish you luck in your new search!
CitizenSugar CitizenSugar 8 years
Oh cine, I'm sorry! But I hope you find something even better. And we'll be happy to have you around here more!
cine_lover cine_lover 8 years
I am unemployed as of Monday. Guess even more Citizen time ;)
CitizenSugar CitizenSugar 8 years
The story was that the private sector added 30,000 jobs, which yes, it counter-intuitive and confusing but the unemployment rate is a different stat. Nice connection though! Points for reading comprehension!! :strong:
raciccarone raciccarone 8 years
Wasn't there a report two days ago stating the unemployment figures dropped?
How to Get All the Hottest Swimsuits From Cannes
Gen Y's Endless Youth
Joan Holloway Modern Office Video
Dani Mathers Convicted For Invasion of Privacy
The Fitness Marshall Female Empowerment Quote
The Keepers' Gemma and Abbie | Video
Collagen Smoothie at Jamba Juice
James Corden's Monologue About Manchester Attack 2017
SNL Star Leslie Jones Will Bring the Laughs to the 2017 BET Awards
Harry Styles Talking About Manchester Attack at Concert
From Our Partners
Latest Love
All the Latest From Ryan Reynolds