WSJ
JUNE 4, 2011
BY JUSTIN LAHART
U.S. Adds Just 54,0000 Positions in May, as Unemployment Rate Ticks Up to 9.1%; Stocks Tumble
Employers spooked by a sputtering economy hit the brakes on hiring last month, postponing the upswing needed to put 14 million unemployed Americans back to work.
The government's snapshot of the labor market showed the U.S. added only 54,000 jobs in May, the fewest since September. With employment gains failing to keep up with a growing population and people re-entering the work force, the unemployment rate ticked up to 9.1%, from 9% in April.
The disappointing figures sent stocks tumbling, pushing the Dow Jones Industrial Average down 97.29 points, or 0.79%, to 12151.26. The Dow has now fallen for five ...
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