May Job Report Shows Poor Preforming Economic Growth


May's job numbers report which showed a weaker than expected 69,000 jobs added in May and a slight rise in the unemployment rate from 8.1 percent to 8.2 percent last month.  The new job report was expected to show between 100,000 to 120,000 added jobs this report shows a far cry from the expected number.  This is the exact same situation that happened last year where over the winter months jobs increased then come sprint jobs recessed in growth.  Mitt Romney and republicans were quick to hit President Barack Obama about the lousy preforming economy while stocks crashed after the job report hit.  The stock market has been on a slippery slope since investor sentiment sank on Europe's deepening credit problems.  Financial markets will continue to tumble because of bad economic data, including weak PMI from China and Europe, and pretty horrible employment data both in Europe and here in the USA.