Jobs Report Disappoints: Only 54,000 Added, Unemployment Rises to 9.1 Percent

The Takeaway

The unemployment rate rose to 9.1 percent from 9 percent and only 54,000 jobs were added in May. What do these numbers mean for the economy? The Dow plummeted this week upon news of declining housing prices. Consumer confidence is in the basement. Interest rates are way down. Are we headed for a double-recession? Joining us is Kelly Evans, “Ahead of the Tape” columnist for The Wall Street Journal.   

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