Unemployment Rate Up to 8.2% in May

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The Unemployment rate rose .1% in May to 8.2%, the first increase since June of last year. Compared to last year, the unemployment rate is down .8% since last May and 1.4% compared to 2010. The civilian employment-population ratio and the participation rate increased .2% this month to 58.6% and 63.8%, respectively. Total nonfarm payroll increased a small 69,000 this month. Unfortunately, the median duration of unemployment jumped .7 weeks to 20.1 weeks.

For more information, see our Employment Report.

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