US Unemployment Rate Rises Slightly

Posted June 3rd, 2011 at 8:50 am (UTC-5)
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The U.S. economy had a net gain of just 54,000 jobs in May, while the unemployment rate rose slightly.

Friday’s report from the Labor Department shows the jobless rate rose one-tenth of a percent to hit 9.1 percent.

Economists say at least 200,000 jobs need to be created each month to bring the jobless rate back down to pre-recession levels.

May’s disappointing figures follow recent reports suggesting the economic recovery has stalled. On Thursday for example, a report showed the number people applying for jobless benefits stayed at a high level.