Jobless Rate at 9.4%! Yay?

Recession may be loosening, but 14.5 million still having a tough go of it...


The US jobless rate jumped to 9.4% in May, though the pace of job slashing has slowed. An underwhelming reduction in payroll jobs gives the Department of Labor the impression that the recession may be showing signs of loosening. Still, this little tid bit from USA TODAY is troubling:

"If laid-off workers who have given up looking for new jobs or have settled for part-time work are included, the unemployment rate would have been 16.4% in May, the highest on records dating to 1994."

Good luck to the 14.5 million still in the struggle. Keep your heads up.

The Root encourages respectful debate and dialogue in our commenting community. To improve the commenting experience for all our readers we will be experimenting with some new formats over the next few weeks. During this transition period the comments section will be unavailable to users.

We apologize for any inconvenience and appreciate your continued support of The Root.

While we are experimenting, please feel free to leave feedback below about your past experiences commenting at The Root.