June 3, 2011
One especially discouraging sign in the latest jobs report was the loss of 2,200 jobs in the employment services sector following a weak gain in April. The weak growth in this sector, coupled with the stagnation in hours, suggests that job growth is not likely to accelerate soon. The weakness in the private sector goes along with a government sector that lost 29,000 jobs in May and has lost an average of 24,300 jobs over the last three months.
For more, check out our latest Jobs Byte.