Unemployment rate crept up in May, with just 54,000 jobs added. May's unemployment rate is 0.1 percent higher than April's.
Today’s Employment Situation Report showed that in May, net nonfarm payrolls increased only slightly rising just 54,000 from April while private nonfarm payrolls added a just 83,000 and the unemployment rate edged up to 9.1% over the same period.
Net private sector jobs increased just 0.08% since last month climbing 1.61% above the level seen a year ago but but remained a whopping 5.79% below the peak level of employment seen in December 2007.
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