The U.S. economy added a meager 54,000 jobs in May, the Labor Department said on Friday and as a result, the unemployment rate hit 9.1 percent.
Economists had forecast 165,000 jobs would have been added.
The private sector generated 83,000 private sector jobs in May, way below expectations, and much less than the 251,000 in April and 219,000 in March.
May’s private sector jobs growth is the weakest since September 2010.
Jobs were lost in the hospitality (-6,000), manufacturing (-5,000) and government sectors (-29,000).
About 15.5 million Americans are currently unemployed, with 6.2 million people among the ranks of the long-terms unemployed.
Currently, about 48 million Americans are on Food Stamps.
See Full Report HERE.
