The Labor Dept reported Friday that the US economy added only 54,000 jobs in May – a significant slowdown from 232,000 jobs added to payrolls in April. Since economists were expecting a gain of around 170,000 jobs, it was a big disappointment. By most estimates the economy needs to add about 150,000 jobs a month just to keep pace with population growth.
This is also the time that new graduates are looking for work, and I found this editorial written by David Brooks that appeared in the New York Times very interesting! It’s a big world out there and the realities for job seekers can be harsh. http://www.nytimes.com/2011/05/31/opinion/31brooks.html