US Unemployment Figures Worrisome for Economy and President Obama - Fred Dunsel (06/04/12)

Last Friday’s unemployment figures threw a spanner in the works of the ongoing narrative that the US economy was on the recovery, albeit a weak one. Friday’s figures marked the first rise in unemployment (to 8.2%) in nine months. In May, the economy only added a paltry 69,000 jobs. Coupled with fears about the worsening crisis in the euro zone, the Dow Jones went into a tailspin, wiping out all the gains made this year.

While one swallow doesn’t make a summer, there are other disturbing trends...