All Commentary
Friday, June 3, 2011

Unemployment Goes to 9.1 Percent


“After several months of strong job growth, hiring slowed sharply in May, raising concerns once again about the underlying strength of the economic recovery. The Labor Department reported on Friday that the United States added 54,000 nonfarm payroll jobs last month, following an increase of 232,000 jobs in April. The unemployment rate rose to 9.1 percent from 9.0 percent in April.” (New York Times)

Let’s try shrinking government now.

FEE Timely Classic
“Cyclical Unemployment” by Hans F. Sennholz