Unemployment up but pace slows

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The unemployment rate rose last month to 9.4 percent, up from 8.9 percent in April, the U.S. Department of Labor reported today.

Steep job losses continued in manufacturing, while declines moderated in construction and several service-providing industries.

The number of unemployed persons increased by 787,000 to 14.5 million in May, according to the latest statistics.

Click here for the full report.

Click here for a Wall Street Journal report.

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Comments

2 comments on “Unemployment up but pace slows

  1. common sense

    I have often wondered why we continue to support Trade Only when it is one of the biggest spreaders of bad news. As an industry magazine the effort to demoralize the industry makes no sense. I know journalism school teaches you that bad news sells, but in an industry magazine it is akin to biting the hand that feeds you. I am not saying all should look rosey. I am saying lets have some balance.
     

  2. BethR

    We have changed the headline on the story to reflect that, while unemployment was up, the pace slowed. That’s an important point we should have made. Thanks for bringing it to our attention.
    – Beth Rosenberg

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