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Unemployment rate falls to 9.7 percent

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The U.S. unemployment rate decreased from 9.9 percent in April to 9.7 percent in May and employers added 431,000 jobs, which is the biggest monthly increase since the recession began, according to The New York Times.

However, much of the growth can be attributed to temporary Census Bureau jobs; 411,000 of the jobs added were for Census Bureau workers whose positions will disappear after the summer. The net gain in government jobs was 390,000, and the private sector added 41,000.

Additionally, temporary jobs increased by 31,000; the manufacturing sector increased by 29,000; health care sector increased by 8,000; and construction sector decreased by 35,000.

Fifteen million people were out of work in May.


6/9/2010

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