Associated Press
Jobless Rate Rises to 5.9 Percent
By JEANNINE AVERSA
Associated Press Writer
Jobless Rate Edged Up to 5.9 Percent in June
WASHINGTON (AP) -- The nation's unemployment rate edged up to 5.9 percent in June as the lingering effects of last year's recession continued to make life difficult for job hunters.
The Labor Department's latest snapshot of the jobs market released Friday also showed that 36,000 jobs were created in June, on top of a 24,000 increase the month before.
But job growth wasn't strong enough to prevent the unemployment rate from rising in June from May's 5.8 percent rate.
Many analysts were predicting the jobless rate would nudge up in June but they were forecasting much stronger job growth with payrolls increasing by 75,000. Job losses in manufacturing and in the retail sector, including car dealerships and department stores, blunted gains elsewhere, making for tepid job creation during the month.
As other parts of the economy are gaining ground after the slump, the labor market is continuing to suffer from some of the fallout.
Jobless Rate Rises to 5.9 Percent
By JEANNINE AVERSA
Associated Press Writer
Jobless Rate Edged Up to 5.9 Percent in June
WASHINGTON (AP) -- The nation's unemployment rate edged up to 5.9 percent in June as the lingering effects of last year's recession continued to make life difficult for job hunters.
The Labor Department's latest snapshot of the jobs market released Friday also showed that 36,000 jobs were created in June, on top of a 24,000 increase the month before.
But job growth wasn't strong enough to prevent the unemployment rate from rising in June from May's 5.8 percent rate.
Many analysts were predicting the jobless rate would nudge up in June but they were forecasting much stronger job growth with payrolls increasing by 75,000. Job losses in manufacturing and in the retail sector, including car dealerships and department stores, blunted gains elsewhere, making for tepid job creation during the month.
As other parts of the economy are gaining ground after the slump, the labor market is continuing to suffer from some of the fallout.
