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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 / June 3, 2011

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.



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.

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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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