PrintJune 7, 2010
Graph of the Day for June 7, 2010
"A lot of businesses were hit hard during this downturn, but they're starting to hire again. Workers who were laid off, they're starting to get their jobs back. Companies that were almost forced to close their doors are making plans to expand and invest in new equipment. And this progress is reflected in the monthly jobs reports that we get each month. We received one today. In May, the economy added 431,000 jobs. (Applause.)" President Obama, June 4, 2010.
Source: Innocent Bystanders.
Hoven's Index for June 7, 2010
Unemployment rate in May 2010: 9.7%
Unemployment rate in January, February and March 2010: 9.7%
Unemployment rate for blacks: 15.5%
Unemployment rate for teens: 26.4%
Number of total jobs added in May: 431,000
Number of temporary census worker jobs added in May: 411,000
Net government jobs added: 390,000
Private sector jobs added: 41,000
Decline in construction jobs: 35,000
Decline in retail jobs: 6,600
Sources: Bureau of Labor Statistics and St. Louis Fed/FRED.
Graph of the Day Archive.
