U.S. Economy Adds 69K Jobs In May; Unemployment At 8.2 Percent

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The U.S. economy added 69,000 jobs in May, according to the Labor Department. The unemployment rate ticked up to 8.2 percent.

From the BLS report:

Among the major worker groups, the unemployment rates for adult men (7.8 percent) and Hispanics (11.0 percent) edged up in May, while the rates for adult women (7.4 percent), teenagers (24.6 percent), whites (7.4 percent), and blacks (13.6 percent) showed little  or no change. The jobless rate for Asians was 5.2 percent in May (not seasonally adjusted), down from 7.0 percent a year earlier. (See tables A-1, A-2, and A-3.)

The number of long-term unemployed (those jobless for 27 weeks and over) rose from 5.1 to 5.4 million in May. These individuals accounted for 42.8 percent of the unemployed. (See table A-12.)

The March jobs numbers were revised down from 150,000 to 143,000. The change for April was 115,000 to 77,000.

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