Friday, June 1, 2012

Ugh: US Employment Sputters

There is no sugarcoating it, this is absolutely horrible: the US added only 69,000 jobs (not enough to keep up with the normal growth in the labor force) and the unemployment rate climbed back up to 8.2%.

What is going on?  Well, Europe is as big one, uncertainty about the Euro Zone economies is creating a huge drag on the US.  The forced austerity that is happening at the state level is another, and is combined with the final wind-down of federal stimulus spending.  And gas prices are a third.

But no matter the reason, this stinks.

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