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US Unemployment Drops; Economy Gains 431,000 Jobs

   VOA News 04 June 2010
   Hundreds  of  job  seekers  gather  at the Los Angeles Mission for the
   ninth  annual  Skid Row Career Fair in Los Angeles, California, 03 Jun
   2010

Photo: AP

   Hundreds  of  job  seekers  gather  at the Los Angeles Mission for the
   ninth  annual  Skid Row Career Fair in Los Angeles, California, 03 Jun
   2010

   The U.S. unemployment rate dropped two-tenths of a percentage point to
   9.7 percent in May as 431,000 jobs were created. Â
   That  is  the  biggest  net gain in jobs in years, but Friday's report
   from  the  Labor  Department  says  most  of  those jobs are temporary
   workers hired to conduct the census.
   Private  employers,  the  backbone  of  the economy, added just 41,000
   jobs, which is much less than the previous month.
   U.S.  President  Barack  Obama  says the report is nevertheless a sign
   that  the  economy  is getting stronger.  In a speech in a Washington
   suburb, he also said this is the fifth month in a row that the economy
   has added jobs.
   Friday's  data  show  a  decline in the unemployment rate, but part of
   that  is  because  several hundred thousand people stopped looking for
   work, and were therefore not counted as being unemployed. Â
   The U.S. labor market has been slow to recover from the recession, and
   that has hurt home buying and consumer spending, which are key drivers
   of the U.S. economy. Â

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