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Saturday, June 4, 2011

Dismal Jobs Report: Job Seekers React

Dismal Jobs Report: Job Seekers React

This story was reported in collaboration with our partners at Patch.com.

For the past three months, the millions of Americans who've been getting by on savings and unemployment checks could at least take some comfort in the job reports that the Bureau of Labor Statistics releases on the first Friday of every month. Almost 200,000 new jobs in February, about as many as that in March, and 232,000 in April. Even people who hadn't worked since the recession began had reason to believe that things were looking up.

Yet there were signs all along that things could get worse, and then last month they did. According to Friday's bombshell jobs report, the U.S. economy added only 54,000 jobs in May, far fewer than expected or needed. Meanwhile, the unemployment rate actually worsened by a tenth of a percentage point. For some job-seekers, this news was just too bleak to contemplate.

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