Sunday, June 7, 2009

US jobs in May

The new federal minimum wage kicks in July 24!

Meanwhile, the slowing down in the monthly net number of jobs in May, against predictions, to 345,000 ( April: 504,000 March: 652,000) provides further support to those who believe that the US economy is over the worst.

But the number of jobs lost, while quite smaller in May and the lowest since September 2008, is still quite high and 6 million jobs have been lost since late 2007. And the unemployment rate is the highest since 1983! It is 9.4% in May, from 8.9% in April.

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