Weak U.S. jobs report concerns about slowing economic growth Stokes

The latest official statistics show that the U.S. unemployment rate rose slightly, the second row in May, triggering new fears, the nascent economic recovery has reached the other weak.

Non-agricultural sector to increase opportunities for new employment may only be 54,000, a level far 20 million per month, economists think it is strong enough to reduce the long term, short-term unemployment rate, according to the weak employment report released Friday, the Labor Department .

The unemployment rate rose to 9.1 percent, from May 9 per cent of the previous month, reversing four months of extensive deliberations map down.

Chrysler in the United States to resolve a factory worker in Ohio on Friday, Obama said the U.S. economy through some "rough terrain."

Economists believe that the rate of job creation against the 13.9 million Americans are anemic in the context of the unemployment pool, approximately double the level before the recent international financial crisis and economic recession.

Pace of job creation in May was the slowest in eight months, as the nation's private employers added 29,000 jobs to 83,000 jobs and government spending cuts to fall.

Meanwhile, cut 8,500 jobs in retail and manufacturing employment was down 5,000.

Construction employment was flat in May, as prices hit a new bottom of the country, threatening the fragile families and with their largest decline in the value of the investment of millions of Americans grappling economic recovery.

Lower prices will damage bank balance sheets, so that families feel poorer, and to combat domestic consumption, and many families are still paying back the debt from the start to recover, says Sebastian Mallaby, a senior fellow at the Council on Foreign Relations.

From the Obama administration officials acknowledge that even if the economy's unemployment rate is "unacceptable." Austan Goolsbee, economic adviser to the Committee by the Chairman, he said, although the private sector increased in the past 15 months more than 21,000 job opportunities , rapid growth, the economic downturn need to replace lost their jobs.

The world's largest economic losses in the recent recession, the worst in decades, more than 8.4 million employment opportunities, and the Obama administration to reduce the unemployment rate lower than the eight percent target was not achieved.

Although the country's economy on the right track, but should strive to create jobs and stimulate consumer confidence, the U.S. Secretary of Labor on Friday Hilda Solis said in an interview with CNBC, ABC.

As another sign of tough job market is still the fault data also indicate that long-term unemployed who have at least 27 weeks the number of unemployed increased by 361 thousand to 620 million yuan this year in May, 45.1 percent of total unemployment, not far A year ago at a record high 45.6 percent.

Experts believe that a number of factors contributed to a very slow job market and overall economic improvement, and the new incentives are needed to boost the economy.

Some economists believe the job market downturn, while sputtering to a full recovery.

The U.S. economy has expanded 4.9 percent from June 2009 officially, this is the end of a relatively small total recent recession.

As many American feel the pain of consumers at the fuel pump, horse than that soaring energy prices, has driven the family cut down discretionary spending, resulting in reduction of the Leisure and hospitality industry after four years of steady development jobs.

Solis stressed that countries need to develop a small business investment and stimulate economic growth, warning that the U.S. job market will improve the road difficult.

"The U.S. demand for labor was significantly accelerate the pace of employment growth in order to re-establish any reasonable time frame to full employment, but on the contrary, the recovery pause, said:" Heidi Shierholz, and the Washington-based Economic Policy Institute economist .

"Without additional stimulation, the unemployment rate may rise further," Shierholz added.

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