Jobs Report Disappoints: Only 54,000 Added, Unemployment Rises to 9.1 Percent

Friday, June 03, 2011

The unemployment rate rose to 9.1 percent from 9 percent and only 54,000 jobs were added in May. What do these numbers mean for the economy? The Dow plummeted this week upon news of declining housing prices. Consumer confidence is in the basement. Interest rates are way down. Are we headed for a double-recession? Joining us is Kelly Evans, "Ahead of the Tape" columnist for The Wall Street Journal.


 

Guests:

Kelly Evans

Produced by:

Kateri A. Jochum

Comments [1]

listener

This horrid economy is not rooted in "psychology" or a figment of our collective imagination. The private sector is not hiring because of reality. They cannot grow because they do not know how government policies will punish them in the near future with taxes and regulations. It is this uncertainty that breeds fear. Even the 9.1 unemployment figure is bogus because it leaves out hundreds of thousands of unemployed and under employed citizens. We need competent leadership with pro-growth economic policies that encourages new hiring and not "prosecutions".

Jun. 03 2011 09:23 AM

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