Country Holds Its Breath, Waiting on Jobs Report
Posted on July 2, 2008
Filed Under Career News, Employment Trends |
By Jennifer Boutell, Careers.Org Contributing Editor
May’s Jobs Report from the Bureau of Labor Statistics was discouraging to say the least, with unemployment rising from 5.0 to 5.5% in one month’s time, the largest single-month increase in 22 years. For a variety of reasons, including teens entering the Summer workforce, experts think the report may not have told the whole story. Still, it’s anticipated that when the report is released tomorrow, it will contain some bad news. The dollar is already trading lower in anticipation.
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