It's not bad, but it's not good. Just 69,000 jobs were created across the United States in May, according to the latest Labor Department numbers released today. The increase was expected to be closer to 150,000. The unemployment rate also rose to 8.2 percent — the first increase in eleven months.
The official breakdown of numbers for California will be released in two weeks, but there are ongoing concerns surrounding the lagging construction and manufacturing industries and problems in the public sector, all of which impact employment in the state. The latest job numbers also add pressure to President Obama's re-election campaign, and could lead to further steps being taken by the Federal Reserve to boost the economy.
What are your concerns around the economy? What are your experiences of finding and keeping work in California? If you are long term unemployed, what are your thoughts on these latest figures? Is it time for the government to do more to stimulate the economy and put people back to work?
Matt DeBord, KPCC Reporter; writes the DeBord Report KPCC.org
Chris Thornberg, Principal at Beacon Economics