Hiring in U.S. Slowed in May With 54,000 Jobs Added – NYTimes.com

But things are fine for the rich Wall Streeter’s who keep bleeding the rest of us.

The Labor Department reported on Friday that the United States added 54,000 nonfarm payroll jobs last month, following an increase of 232,000 jobs in April. May’s job gain was about a third of what economists had been forecasting.

The unemployment rate ticked up to 9.1 percent from 9.0 percent in April.

“The economy clearly just hit a brick wall,” said Paul Ashworth, chief United States economist at Capital Economics. “It’s almost as if it came to a complete standstill.”

via Hiring in U.S. Slowed in May With 54,000 Jobs Added – NYTimes.com.