Employment Situation Mimics Prior Years and Could Delay Recovery

Employment Situation Mimics Prior Years and Could Delay RecoveryFollowing 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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