June 6, 2008
Unemployment Up, Jobs Down
Unemployment rose from 5 percent to 5.5 percent in May, while nonfarm payroll enrollment dropped by 49,000, according to the Bureau of Labor Statistics.
The BLS, a division of the U.S. Department of Labor, said employment fell in construction, manufacturing, retail trade and temporary help services, while health care added jobs. Average hourly earnings rose by 5 cents, or 0.3 percent.
After seasonal adjustments, the number of unemployed people increased by 61,000 to 8.5 million. A year earlier, 6.9 million people were unemployed and the jobless rate was 4.5 percent.
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