Not Good News At All For Jobless Rate

  

 

Following data from the US Bureau Of Labor Statistics

 THE EMPLOYMENT SITUATION -- MAY 2011


Nonfarm payroll employment changed little (+54,000) in May, and the unemployment
rate was essentially unchanged at 9.1 percent, the U.S. Bureau of Labor Statistics
reported today. Job gains continued in professional and business services, health
care, and mining. Employment levels in other major private-sector industries were
little changed, and local government employment continued to decline.
Among the major worker groups, the unemployment rates for adult men (8.9 percent),
adult women (8.0 percent), teenagers (24.2 percent), whites (8.0 percent), blacks
(16.2 percent), and Hispanics (11.9 percent) showed little or no change in May. The
jobless rate for Asians was 7.0 percent, not seasonally adjusted.
In May, the number of long-term unemployed (those jobless for 27 weeks and over)
increased by 361,000 to 6.2 million; their share of unemployment increased to 45.1
percent.
Employment in manufacturing changed little in May (-5,000). Job gains in fabricated metal
products and in machinery were offset by losses in transportation equipment, paper and
paper products, and printing and related support activities.
Employment in other major industries, including retail trade, transportation and
warehousing, information, financial activities, and leisure and hospitality, changed
little in May.