Unemployment Rises to 8.2 Percent, Reversing Nearly Yearlong Downward Trend

CORRECTION: An earlier version of this story incorrectly reported the last time monthly unemployment rose. It was June, 2011.

The unemployment rate rose a tenth of a percent to 8.2 percent in May, reversing a nearly yearlong downward trend, a bad sign for President Obama whose reelection rests on the state of the economy.

The last time monthly unemployment rose was June, 2011.  Job growth in March and April was also revised downward. Over the last two years, the Labor Department has revised monthly jobs growth up 34 times and down 12 times.

Read More
This entry was posted in Career. Bookmark the permalink.

Comments are closed.