Worst. Jobs. President. Ever… Unemployment Rate Jumps to 7.6%
Barack Obama is the worst jobs president since the Great Depression.
In May the unemployment rate jumped again to 7.6% .
Employers added 175,000 jobs in May.
FOX News reported:
The United States added 175,000 jobs last month, just above the median forecast in a Reuters poll, Labor Department data showed on Friday.
The unemployment rate ticked a tenth of a percentage point higher to 7.6 percent, with the increase actually giving a relatively hopeful sign as it was driven by more workers entering the labor force.
Still, after a winter in which the economy seemed to be turning a corner, May was the third straight month that payrolls outside the farm sector increased by less than 200,000.
The civilian labor force rose by 420,000 to 155.7 million in May. However, the labor force participation rate was little changed at 63.4 percent. Over the year, the labor force participation rate has declined by 0.4 percentage point. (Zero Hedge)