Capitol Hill (CNN) - There are few hotter topics in Washington or on the campaign trail than jobs. And we just got a new, gloomier report. To save you time, here's your cheat sheet to Friday's U.S. unemployment report.
Obvious headline: U.S. created just 54,000 jobs in May, below the meager expectations.
Bigger Headline: Average length of unemployment hits record high of 39.7 weeks.
May Unemployment Report Cheat Sheet Details:
Link to Report: is here.
-Unemployment Rate: 9.1%, up from 9% in April.
-Number of Unemployed: 13.9 million.
-Change in jobs: +54,000.
-Biggest job gains: Professional and business services +44,000 jobs; Accounting +18,000
-Paychecks: Went up, but barely. Average hourly earnings were up 6 cents in May. Spend it wisely.
-Long-term unemployed I: Average length of unemployment hit longest amount on record (going back to 1948) of 39.7 weeks.*
-Long-term unemployed II: The number of long-term unemployed – looking for work 27 weeks or more – increased by 360,000 people. It's now 6.2 million.
-Iraq and Afghanistan Vets: Saw their unemployment rate go up from 10.9% in April to 12.1% now. That is also a big jump up from last May (10.6%).
-Notable job losses: Local governments -28,000 jobs; Manufacturing -5,000 jobs.
Winner and Loser: Teenagers, aged 16-19 saw their unemployment rate inch down from 24.9% to 24.2% as summer hiring begins. But it's still 24.2%. Angst, perhaps, justified.
What Others Might Miss
Just to add to the gray clouds, the government has decreased its job estimates for March and April. So March and April gained fewer jobs than thought. March was revised from +221,000 to +194,000. April went from +244,000 to +232,000.
*NOTE: Starting in January, the government changed one factor in how it calculates the average length of unemployment. That change does increase the average length. But, it is still fair to consider this month's numbers the highest on record, because this is the highest level since the calculation change went in place and recent levels are far above the levels for any other time period.
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