Cheat Sheet: Unemployment Report
June 3rd, 2011
03:22 PM ET
4 years ago

Cheat Sheet: Unemployment Report

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.

Two headlines:

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.

Basics
-Unemployment Rate: 9.1%, up from 9% in April.
-Number of Unemployed: 13.9 million.
-Change in jobs: +54,000.

Winners
-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.

Losers
-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.

Comment below. Check out more of our reporting on the guts of the issues at http://www.cnn.com/americansauce

–Follow Lisa Desjardins on Twitter: @LisaDCNN


Filed under: American Sauce • Jobs • unemployment
soundoff (18 Responses)
  1. Rudy NYC

    Change in jobs: +54,000.
    -------------
    Thanks goes out to Ronald McDonald for hiring 50,000 burger people.
    No wonder there is conservative effort to get rid of him. You owe me lunch, dude.

    June 3, 2011 03:30 pm at 3:30 pm |
  2. kyle

    If you are looking for an American job, try China!!!!!!

    June 3, 2011 03:35 pm at 3:35 pm |
  3. Rickster

    It must be tough to be a democrat these days......all your hopes and dreams came true when Obama was elected to the presidency. And now it is painfully apparent that not only is Obama a complete failure but all those idealistic hopes and dreams that you have believed in for most of your life are also failures.

    June 3, 2011 03:37 pm at 3:37 pm |
  4. gt

    if each one of the faithful ticker folks who has not had a realtive loose a job ... consider your self blesssed... its horrilble .. we need jobs so bad .. its putting so much pressure on the families .. i dont care who is president , but some one needs to step up and get this country going....

    June 3, 2011 03:38 pm at 3:38 pm |
  5. bb

    The sooner we face the real issue, the sooner we can do something about it, folks. Middle class jobs have been shipped overseas and will not come back any time soon. Even if heavy incentives were put in place today to lure them back, it would take years to start adding them back. Think about it – Manufacturers have been building facilities overseas for decades now. It takes many years to just build one plant for a major manufacturer. Our unemployment rate will NEVER be what it used to be in so called 'good times', and will only get somewhat better if we change our ways now.

    June 3, 2011 03:45 pm at 3:45 pm |
  6. XWngLady

    @Rickster: Actually those of us who were informed as to how bad the economy really was, and what and how long it would take to get the economy on the right track when Pres. Obama was inaugurated, are not swayed by the folly of Faux News/Republican spin machine. 5-7 years was the estimate for how long it would take before we would see a fully recovery of the wealth/economic engines that were decimated as a result of the Republicans' failed policies. Pres. Obama himself said, even BEFORE the election that it would take years, a whole term (possibly two) to get things truly back on track. Where were you? Weren't you listening? Or were/are you just eating up all the propaganda that the Republicans are feeding you?

    June 3, 2011 03:52 pm at 3:52 pm |
  7. obama victim

    man..we are going to miss Barry......................NOT

    June 3, 2011 03:54 pm at 3:54 pm |
  8. diridi

    Bring jobs back that were shipped to India, and China....Americans, see the label, if you see Made in USA, then buy.....if not go home without buying....I started this from today, you do the same...god bless....it is a collective effort....GOP nonsense...shipped jobs to india, and china....nab and bust all illegals, non-citizens, esply in north carolina....and USA!!!!

    June 3, 2011 03:55 pm at 3:55 pm |
  9. Biggge

    What happen to all the jobs that were supposed to be created by given the wealthy tax breaks.. When are the GOP going to learn trickle down does not work.. With all the Corporate taxes breaks and record earning this is all we can do... Great call GOP......

    June 3, 2011 04:09 pm at 4:09 pm |
  10. Greg in Arkansas

    The Republican-controlled House of Representatives issued a rebuke of President Barack Obama's Libya policy.....
    How the GOP are addressing the problem of a lack of jobs.............go figure???

    June 3, 2011 04:16 pm at 4:16 pm |
  11. Mason

    Hey but we got those great temporary Government jobs. Obama is a joke. Tell one thing we got of last value from all that $$ spent. At least we got some lasting infrastructure from that last great Democratic spender – LBJ.

    June 3, 2011 04:18 pm at 4:18 pm |
  12. Four and The Door

    diridi
    Bring jobs back that were shipped to India, and China...
    _________________________________________________________________________________________
    Okay, so that gives you 2 choices. Either you pay 20% more for the goods you buy that are Made in America or you work for $3.50 an hour. Or the American companies that survived by using the most efficient labor go out of business because they can't compete with the Chinese company making the same goods with Chinese $3.50/ hour labor. Which I am sure you are okay with, as long as you know that now the US government has fewer American companies to collect taxes from and entitlements go belly up that much sooner.

    I want jobs to come back as much as you. But we have to earn them back. We have to stop taxing our businesses out of competition. So that jobs come back and stay here. And we can pay for the entitlements that we all enjoy so much.

    June 3, 2011 04:23 pm at 4:23 pm |
  13. Sniffit

    "man..we are going to miss Barry"

    Cheer up dude....2016 is a long ways away.

    June 3, 2011 04:36 pm at 4:36 pm |
  14. Sniffit

    "We have to stop taxing our businesses out of competition"

    That's such a steaming pile of dung. CEO's and executives are earning more and more and more and more and more than they ever ever ever have in our history...all while continuing to pay middle-class workers the same thing they paid them in the 70's and 80's, despite inflation, despite rising costs of health care, education, homes, everything else etc. Companies, especially Big Oil, were reporting record profits during the recession. CEO and executive salaries and ancillary compensation packages did not go down during the recession. In fact, they continued to rise while they fired Joe-the-Serf so they coould continue paying themselves obscene amounts of money in order to squirrel away in off-shore accounts and derivative financial instruments that contribute nothing to the economy other than providing a means for gambling on Wall Street while consolidating and hoarding wealth. Give it up man...THE NUMBERS DON'T LIE...only people like you do.

    June 3, 2011 04:41 pm at 4:41 pm |
  15. T'sah from Virginia

    [I want jobs to come back as much as you. But we have to earn them back. We have to stop taxing our businesses out of competition. So that jobs come back and stay here. And we can pay for the entitlements that we all enjoy so much.]

    Okay – so the corporations that remain here are already taxed at a lower rate and they are NOT producing jobs – However, they are making trillions in profits??? The jobs you speak about cost $3.50 an hour overseas and the companies that are dishing it out are still making a killing in profits. So we need to stop and think about AMERICA – since we're supposed to be so patriotic and invest in our own infrastructure – Maybe if that happens, these corporations WILL be taxed at a lower rate!!!!

    June 3, 2011 04:47 pm at 4:47 pm |
  16. Beeman

    The numbers sure don't lie that Obama has been a failed expirment as a President, Made us all feel good for about 6 months until we realized he did not have a clue of how to run the country. At least he speaks well – hahaha...

    June 3, 2011 04:59 pm at 4:59 pm |
  17. Four and The Door

    T'sah from Virginia
    Okay – so the corporations that remain here are already taxed at a lower rate and they are NOT producing jobs – However, they are making trillions in profits??? The jobs you speak about cost $3.50 an hour overseas and the companies that are dishing it out are still making a killing in profits. So we need to stop and think about AMERICA – since we're supposed to be so patriotic and invest in our own infrastructure – Maybe if that happens, these corporations WILL be taxed at a lower rate!!!!
    _________________________________________________________________________________________________
    American company profits are taxed the same wherever they create jobs. But, by not having jobs here the government and all of us lose out because of payroll taxes and well, jobs. The government needs to encourage American companies to create jobs here. But they are not. Regulations and taxes drive companies to move out of America and it is happening at an alarming rate. And the current trend is anti-business so prepare to see continuing huge investment in more business-friendly countries.

    June 3, 2011 05:05 pm at 5:05 pm |
  18. gt

    how about cutting some of these ceo ungodley salaries ... if there companies are not growing , createing jobs here in the us dont pay them huge bonus for failing ... fire them...

    June 3, 2011 05:15 pm at 5:15 pm |