June 1, 2012
The economy added 69,000 jobs in May—short of the 90,000 jobs needed to maintain pace with growth in the labor force. With downward revisions to previous months' payroll survey numbers, employment in May was only 20,000 above the previously reported estimate for April. As it currently stands, the economy is still recovering at a slower pace than after the previous four recessions.
For more, check out the latest Jobs Byte.