Unemployment rate edges up to 9.1 percent

Unemployment rate crept up in May, with just 54,000 jobs added. May's unemployment rate is 0.1 percent higher than April's.

By , Guest blogger

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    This chart shows total nonfarm payrolls from 2000 through last month. Friday's jobs report for May shows that the number of jobs is 1.61 percent higher than a year ago, but still about 6 percent lower than the peak in late 2007.
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Today’s Employment Situation Report showed that in May, net nonfarm payrolls increased only slightly rising just 54,000 from April while private nonfarm payrolls added a just 83,000 and the unemployment rate edged up to 9.1% over the same period.

Net private sector jobs increased just 0.08% since last month climbing 1.61% above the level seen a year ago but but remained a whopping 5.79% below the peak level of employment seen in December 2007.

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