Originally Posted by WakingTheBull
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By Brady Dennis and Neil Irwin, Published: June 3
Behind the hard numbers in Friday’s dismal report on the job market are scared small-business owners, slashed state budgets, dried-up federal stimulus funds and a lingering uncertainty that has taken hold from corporate boardrooms to factory floors around the country.
Employers added 54,000 jobs in May, the Labor Department said Friday, down from 232,000 in April. The unemployment rate rose to 9.1 percent from 9 percent. That deterioration in the labor market marks only the latest in a slew of recent signs that the economic recovery is losing momentum.