Sunday, June 5, 2011
US Hiring Slows, Unemployment Rate Hits 9.1%
VOAVideo: US Hiring Slows, Unemployment Rate Hits 9.1%
The US economy is showing signs of slowing down, adding only 54,000 jobs in May - the smallest increase in eight months. The nation's unemployment rate inched higher last month to 9.1 percent, raising fears the US recovery already may have peaked. Hiring in May fell far short of the 150,000 jobs that Wall Street was expecting, sending stock prices sharply lower on Friday.