From the Wall Street Journal:
"....The U.S. unemployment rate posted its sharpest one-month increase in 22 years last month, suggesting U.S. consumers already facing a housing slump and soaring gasoline prices now confront even more pressure from a weakening jobs market.
The data, which included a fifth-straight drop in nonfarm employment, should take financial-market expectations of Federal Reserve rate increases as soon as this autumn off the table.
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"...Nonfarm payrolls, which are calculated by a survey of establishments, declined 49,000 in May, the Labor Department said. The decline was broad-based, including manufacturing, construction, retail trade and business services. Payrolls fell 28,000 in April and 88,000 in March. Both were revised to show slightly larger drops....."
FIVE stright negative months of job decline, after 7+ year of Bush misrule. Oh well, at least rich people got their taxcut---Mission Accomplished, Georgieboy!!
the Bush administration has the worst record in job creation and unemployment since they started keeping records of it