July 16, 2024

jobless rateThe U.S. unemployment rate jumped by the most in 22 years in May, reaching its highest level in more than 3-1/2 years and underscoring the recessionary risk the economy still faces. The jobless rate rose to 5.5 percent last month from 5 percent, its highest level since October 2004, the Labor Department said today. Some 49,000 jobs were cut from payrolls in May, the fifth straight month of job losses. San Diego for sale by owner

3 thoughts on “Jobless rates jumps to largest rise in 22 years

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  2. If I predict recession every year I will get it right eventually.My understanding of economics is that something either goes up or it goes down. There are 50-50 odds to guess right. Some may guess 60% right but will eventually revert back to the mean. Its too bad this is a time when the system has been raped for every nickel and dime for the next few years.

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  3. Mark these words, it will be much worse that the ‘73-’75 recession, it will very likely be worse than the Great Depression, but will be a depression, a real depression. A morning’s worth of true, overall. thoughtful research will convince anyone willing to face the truth.

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