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June 4th, 2012

U.S. Economy adds 69,000 jobs in May

The unemployment rate in the United States climbed from 8.1% to 8.2% in May with employers adding 69,000 jobs.   The increase in the unemployment rate was a result of the number of people looking for work increasing faster than the number of jobs being created in the economy.

The fastest growing sectors of the economy were transportation and warehousing, healthcare, and manufacturing.  In our region these sectors  have a major impact on the local economy.  Outside of state government, Healthcare and Manufacturing are within the top five industry sectors that drive our region.

Source of national unemployment information : Marketwatch

Regional economic data from U.S. Bureau of Economic Analysis


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