Employment Situation Mimics Prior Years and Could Delay Recovery

Following dismal reports on employment, it might be time to give pause to the assumption that a housing recovery is here or soon to arrive. The Bureau of Labor statistics reported Friday that only 69,000 jobs were added in May, the slowest growth seen in a year. Also, April was revised down to 77,000 jobs from the originally reported 115,000 added jobs. Unemployment crept up as well from 8.1 percent to 8.2.

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