Friday, June 24, 2011

Unemployment rate hits 9.1% in May

The nation's unemployment rate in May increased to 9.1%, up from 9.0% in April, according to government data released Friday.

The number of unemployed persons remained essentially unchanged at about 13.9 million, the Bureau of Labor Statistics reported in its latest employment situation summary. Construction employment was essentially unchanged in May. Employment in the industry has shown little movement on net since early 2010, after having fallen sharply during the 2007-to-2009 period.

In May 2010, the nation's unemployment rate stood at 9.7%.�

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