U.S. economy added 69K jobs in May, fewest in a year

WASHINGTON - (AP) - U.S. employers created 69,000 jobs in May, the fewest in a year, and the unemployment rate ticked up. The dismal jobs figures could fan fears that the economy is sputtering. The Labor Department also says the economy created far fewer jobs in the previous two months than first thought. It revised those figures down to show 49,000 fewer jobs created. The unemployment rate rose to 8.2 percent from 8.1 percent in April, the first increase in 11 months. The economy is averaging just 73,000 jobs per month over the past two months - roughly a third of jobs created per month in the first quarter. Weak job growth could damage President Barack Obama's reelection prospects. Mitt Romney, the Republican challenger, has made the economy the central theme of his campaign.

advertisement | advertise on News 12

Trending Video

Senior Samuel Langshteyn received a cochlear implant when 1 Best of Brooklyn: Hearing-impaired student performs in play
2 Rangers riding 3-game winning steak into 2nd round of playoffs
News 12 Brooklyn hit the streets to ask 3 Word on the Street: GPS devices
Funeral today for FDNY firefighter William Tolley from 4 Funeral set for FDNY firefighter killed in the line of duty
VIDEO: News conference on annual Denim Day 5 VIDEO: News conference on annual Denim Day

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE