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June 4, 2012

U.S. Hirings Lag as Official Unemployment Hits 8.2% 
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The ailing U.S. economy received more grim news on Friday with the
release of figures showing just 69,000 jobs were added during May –
the fewest total in a year. The official unemployment rate also
increased to 8.2 percent, up from 8.1 percent in April. Speaking in
Minnesota, President Obama called on Republican lawmakers to approve
funding for public sector jobs.

President Obama: "The American people expect their leaders to work hard
no matter what year it is. The economy still isn't where it needs to be.
There are steps that can make a difference right now, steps that can
also clear as a buffer in case the situation in Europe gets any worse.
So right now, Congress should pass a bill to help states prevent more
layoffs so we can put teachers and police officers and firefighters back
on the job."

 

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