May Jobs report released by BLS

The Bureau of Labor Statistics (BLS) has issued its May jobs report. While 175,000 jobs were created the unemployment rate edged up slightly from 7.5% to 7.6%. The drop is largely due to additional participation in the labor force.

February unemployment drops to 8.9%

The Bureau of Labor Statistics (BLS) monthly employment report notes joblessness declined to 8.9% in February, with a net job creation of 192,000 jobs despite heavy cuts in state and local government employment due to state budget shortfalls. The WaPo story is here.