by James Parks, Jun 4, 2010
Some 431,000 net new jobs were created in May. A whopping 411,000 of those new jobs were temporary U.S. Census jobs while private employers added only 41,000 new jobs in May. Overall, the unemployment rate dropped to 9.7 percent, down from 9.9 in April, according to a report released this morning by the U.S. Department of Labor.
AFL-CIO President Richard Trumka said the low number of private-sector jobs is further evidence the recovery is still fragile.
The Economic Recovery Act saved us from a second Great Depression, but it was not sufficient to power strong and sustained job growth, and its effects are expected to wane in coming months.
