May jobs report: Hiring slows, unemployment rises
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June 3rd, 2011
08:39 AM ET
4 years ago

May jobs report: Hiring slows, unemployment rises

NEW YORK (CNNMoney) – In yet another alarm bell of a weakening U.S. economy, the job market took a disappointing turn in May.

The economy gained a mere 54,000 jobs in the month, a significant slowdown from 232,000 jobs added to payrolls in April, the government reported Friday.

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Filed under: Economy • Jobs
soundoff (27 Responses)
  1. AEK

    And yet the Republican controlled House of Representatives is too busy attempting to regulate people's private lives to do ANYTHING about it. Job, jobs, jobs was their mantra in 2010 and they should and will be held accountable in the next election.

    June 3, 2011 08:44 am at 8:44 am |
  2. Rudy NYC

    The Republicans in Congress are the creating jobs they promised. Not. Jobs added/lost has been positive every month since November and many conservatives have claimed credit. "See? We run the House now." We seem to be experiencing what will hopefully turn out to be a minor bump in the road. I think it is instigated by the all of the debt limit squabbling and uncertainty.

    June 3, 2011 08:45 am at 8:45 am |
  3. Name jeremy@Dallas

    What happened to job creators? Reblicans no longer talk about jobs. Its all about arbotion and cutting..... We were dumped last Nov but never again.

    June 3, 2011 08:53 am at 8:53 am |
  4. RisingSouth

    Is this part of that "recovery" we keep hearing about?

    June 3, 2011 08:53 am at 8:53 am |
  5. jay- MN

    why the panic when we're still adding jobs? I'll start worrying when we begin to lose jobs every month rather than just not keeping some insane break neck pace that apparently is "normal" recovery growth.

    June 3, 2011 08:59 am at 8:59 am |
  6. diridi

    Nation needs Education, job training, retraining...Productive economy, mainly Manufacturing, cut salaries of Senate, and Congress, tax who make more than 250k or more, because we need revenue....o.k, cut immigration little bit., bring clinton era tax rates, produce more energy efficiency, and green jobs, green jobs, and green jobs....o.k, bring cotton and tobocca industries back to the nation, again, I am crying, for Manufacturing, Manufacturing and manufactuing....o.k, make a/C units and export to middle east....and India, and China...Make elevators, and export to india and china...behavior problems with banking...just nab, and solve, they need to be less greedy, esply on Visa/M/C....Be debt free, spend less, work for greenery, wild life, and forestation.....And Agriculture....Good luck america...god bless....nab illegals, and non-citizens, in North Carolina.....o.k,

    June 3, 2011 09:00 am at 9:00 am |
  7. John K.

    This country needs to create about 150,000 jobs per month just to keep up with the number of new workers who are entering the work force. Any number below 150,000 jobs per month means that we are losing ground instead of gaining ground. And the unemployment rate increasing to 9.1% is also a negative.

    No modern era U.S. president has be re-elected with an unemployment rate at 7.5% or greater, i.e., Gerald Ford, Jimmy Carter and George H. W. Bush.

    Obama is in big trouble.

    June 3, 2011 09:03 am at 9:03 am |
  8. Stand Up

    "The economy gained a mere 54,000 jobs in the month" But, but, but this can't be. Not with the great Barak HUSSEIN Obama as our leader. 2012 can't get here fast enough to we can vote this 'Hope and Change', well more like 'Hoax and Chains', out of office.

    June 3, 2011 09:08 am at 9:08 am |
  9. AAA

    What do you expect with the Republican party that is always at odds with the president/ democrats and always trying to quash everything that is put forth trying to solve our economic problem. The main agenda of the Republican party is to keep the economic problem burning till the next election so they can unseat president Obama. There plan is like a volcano ready to erupt and it is going to blow in there face and burn them in the next election. So a advice from a Democrat is work for the country and not work against an individual. If I was a Republican your win in the past election was a fluke and your promises were none existence, cannot stand on your two feet , you are afraid of the TEA Party and you are more worried not to piss them off instead of attending the day to day business of the country. So stop blaming the Democrats for the numbers in unemployment. People need work and they want to see government work, no bickering, stop thinking as elected officials, think as an ordinary person and put yourself in there spot. Work with the president. God Bless Our Country.

    June 3, 2011 09:16 am at 9:16 am |
  10. Rudy NYC

    I am still waiting for the House Republicans to import some the jobs they have worked so hard to export in recent years. In my opinion, the biggest reason the economy has been slow to recover is because of housing and all of the unpaid mortgages. The financial sector is still not on strong ground, and the continued foreclosure crisis makes the ground they stand on very shaky, indeed.

    So what, you say. Consider the percentage of GDP the financial industry creates. That figure has been rising steadily over the past 4 decades. It had risen from roughly 16% in the 70's to a whopping 60% by 2008. (Now you know what too big to fail means) Our chief export was allowed to evolve from manufactured goods to exporting capital. The pinnacle of capitalism is when your sole product is capital itself. But, what happens when you run out of capital and have huge debts? I dunno, it's new territory for economists. That is where we are today.

    June 3, 2011 09:18 am at 9:18 am |
  11. Rudy NYC

    Stand Up wrote:
    "The economy gained a mere 54,000 jobs in the month" But, but, but this can't be. Not with the great Barak HUSSEIN Obama as our leader. 2012 can't get here fast enough to we can vote this 'Hope and Change', well more like 'Hoax and Chains', out of office.
    --------------------
    Last month report showed over 200,000 jobs gained. All reports since The Great Sucker Punch (Nov/2010 Elections) have shown a steady increase in jobs gained. You have attributing those increases since Election Day has the business community having recieved a confidence boost just knowing that Republicans were in control of the House. You cannot have it both ways. Gains belong to Republicans, and losses belong to Democrats.

    June 3, 2011 09:22 am at 9:22 am |
  12. Indy

    It always amazes me when people dont realize that high unemployment is a reality all over the world right now. Europe only has Germany with a strong economy,the rest are suffering and its not all rosy in Asia either, as China is doing well but the rest, not so much. High gas prices accross the globe is not helping in any recovery. We have all heard how it is supply and demand and innovation that drive the economy and there just isnt the demand for our products when household income is stretched to the max. There is no politician or President that can fix this in the short term.The only way out of a recession is through innovation and the ability to make changes to adapt to the healthy growing markets.The best thing a country can do is be open to the changes and invest heavily in innovation and alternative energy is at the top of the list.The global economy is not going to get better in the next few years but will take another six to eight years and if you dont understand that and work towards education and innovation we will be left in the economic dust of failure

    June 3, 2011 09:22 am at 9:22 am |
  13. Peter s

    You are right John K " Obama is in big trouble"!!. You see, they spent more time creating talking about creating jobs then they sabotage the same jobs they were just talking about! want evidence visit Target the place with affordable prices for common folks you can't buy anything because of crowding out effect with people pushing their political agenda! you call on them!! you become an easy target. Yet the Chief justice has pushed the law on their side.

    June 3, 2011 09:23 am at 9:23 am |
  14. Lynda/Minnesota

    "The government cut 29,000 workers during the month, with most of the decline coming from local governments."

    Thereby slowing the recovery down. Great job keeping America jobless, GOPers. Seems concentrating on abortion, family planning, Christianity, and whatever other nonsense being spewed in GOPerville isn't bringing the jobs you'all ran on in 2010. At least during the Democratic controlled Congress, job growth was increasing. SInce the Republicans took the House back, job growth is starting to stall. Still waiting for the promised trickle down ... what's it been now, 11 years since the wealthy got their tax cuts? Why is it then, that whenever the GOPers regain the purse strings, jobs seem to disappear?

    June 3, 2011 09:23 am at 9:23 am |
  15. A Real American

    Good thing we kept those sweet tax breaks for the "job creators."

    June 3, 2011 09:52 am at 9:52 am |
  16. DA

    Hummm... Let us not forget the tax cut for corporation that the GOP was screaming about was supposed to help create jobs? So when are you folks going to get it, the GOP is clueless on job growth and for that matter everything else. The President has given them what they wanted and has it helped NO!! So don't go blaming the President because he has tried to play fair and give the GOP what they wanted and it has not worked. Time to tax Corporations that are sending jobs overseas and tax them heavy!! It is time to get the dead weight out of Congress and that is for both parties!!!

    June 3, 2011 09:54 am at 9:54 am |
  17. Four and The Door

    And Obama's answer? Raise taxes. This is one of many reasons why he will be soundly defeated by whoever gets the Republican nomination in 2012. Even arrogant enough to discount the reason of his own economic advisors, Obama sends Joe Biden over to congress to try and convince them to add a tax increase to that debt-reduction crap they are working on.

    June 3, 2011 09:55 am at 9:55 am |
  18. New Age Independent

    "The Republicans in Congress are the creating jobs they promised. Not."

    So suddenly you're blasting Republicans for jobs when Democrats have had complete control in Washington for years? It's amazing how liberals love to deflect their own failures. Man up!

    June 3, 2011 09:56 am at 9:56 am |
  19. vic , nashville ,tn

    Good news we are not losing jobs. To create 150 000 jobs per month we have to move to green technology for that we have to keep politics aside that is hard for many

    So don’t blame Obama

    June 3, 2011 10:02 am at 10:02 am |
  20. New Age Independent

    Diridi "I am crying, for Manufacturing, Manufacturing and manufactuing.."

    While I don't agree with you on all points you've made, you're spot on with Manufacturing.

    June 3, 2011 10:06 am at 10:06 am |
  21. Bill from GA

    The only way the repugs can defeat President Obama next year is to have a weak economy, and they are succeeding. They cry about uncertainty over tax rates but ignore uncertainty over the debt ceiling.

    The balance between the house, the Senate, and the Presidency is non-existent when one party says 'My way or No way'.

    And, BTW, 54,000 jobs per month GAINED is still much better than the 750,000 jobs we were LOOSING per month before President Obama took office and immediately passed the Stimulus Bill.

    June 3, 2011 10:08 am at 10:08 am |
  22. Sniffit

    Looks like the GOP Is getting what it wants by holding the debt ceiling over the economy's head like the Sword of Damocles.

    June 3, 2011 10:12 am at 10:12 am |
  23. Four and The Door

    Bill from GA
    The only way the repugs can defeat President Obama next year is to have a weak economy, and they are succeeding. They cry about uncertainty over tax rates but ignore uncertainty over the debt ceiling.
    ________________________________________________________________________________________________
    So according to Bill from GA Obama is not in charge anymore?!?! Fact is, he never really was. Even with as much spending as he could get through congress he couldn't buy the economy back to life. Lesson learned. Americans will put matters in control of someone who knows how an economy works. Someone else.

    June 3, 2011 10:20 am at 10:20 am |
  24. GI Joe

    Bush - 750,000 job losses per month for over 2 years.

    Obama - at least positive job growth per month for extended period of time (though not enough).

    Just those two facts should tell people something. Come on haters, lay it on again.

    June 3, 2011 10:21 am at 10:21 am |
  25. Rudy NYC

    Four and The Door wrote:
    And Obama's answer? Raise taxes.
    -------------------
    Ahem. He did not raise taxes. Where are the hundreds of thousands of jobs that the Republicans campaigned on throughout 2010? Many of the lost jobs will never exist again because the industries that are supposed to create them no longer exist. Come on, last month you were bragging about merely having Republicans running the House was job creation nirvana. I think this month's report is a minor bump in the road. You are disowning bad news like a plague. No cherry picking allowed.

    June 3, 2011 10:22 am at 10:22 am |
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