03 Jun '11, 7pm

DTN Singapore: Poor May jobs data sets challenge for White House: WASHINGTON : The number of jobs generated by t...

DTN Singapore: Poor May jobs data sets challenge for White House: WASHINGTON : The number of jobs generated by t...

WASHINGTON : The number of jobs generated by the US economy plunged in May, data showed Friday, deepening President Barack Obama's challenge of tackling high-unemployment and of winning re-election. The economy added a paltry 54,000 new jobs last month, one-quarter of the February-April pace, while the unemployment rate edged up to 9.1 percent, figures from the Labor Department showed. While the White House and economists cautioned that the poor data was likely a monthly blip, it fueled allegations that Obama's economic policies are failing, 18 months ahead of the next presidential election. With employment figures for the previous two months revised downward, the report confirmed the sharp economic slowdown since the beginning of 2011, despite government efforts to power up a job-creating recovery. The private sector, expected to drive the economy as state and local gover...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

Tweets

Poor May jobs data sets challenge for White Hou...

straitstimes.com 03 Jun '11, 11pm

WASHINGTON - DISMAL statistics on new job creation and an uptick in the unemployment rate sent US stocks plunging Friday a...

Weak US jobs data sets challenge for White House: WASHINGTON - President Barack Obama faced a new challenge to h...

Weak US jobs data sets challenge for White Hous...

asiaone.com 05 Jun '11, 9am

WASHINGTON - President Barack Obama faced a new challenge to his economic agenda after dismal statistics on job creation a...

DTN Singapore: US stocks sink on bad May jobs d...

channelnewsasia.com 03 Jun '11, 9pm

NEW YORK - US stocks dropped sharply Friday after a dismal report on the country's jobs situation in May. In closing trade...

US new jobs plunged in May; jobless rate up

US new jobs plunged in May; jobless rate up

straitstimes.com 03 Jun '11, 1pm

The US economy generated a minuscule 54,000 net new jobs in May, only one quarter of the previous month, while the unemplo...

DTN Singapore: NY oil prices ease after poor la...

channelnewsasia.com 03 Jun '11, 9pm

NEW YORK - Oil prices dropped sharply in New York Friday after the government released glum jobs figures for May, but reco...

Front-runner Romney wades into White House race #tcot #2012gop #teaparty #p2 #NHgop

Front-runner Romney wades into White House race...

straitstimes.com 02 Jun '11, 1pm

The battle for the 2012 Republican presidential nomination heats up on Thursday with the entry of default front-runner Mit...

US House presses Obama on Libya conflict

channelnewsasia.com 04 Jun '11, 1am

WASHINGTON: The House of Representatives chided President Barack Obama on Friday for failing to obtain congressional appro...

Athletics: Gay sets 9.79sec challenge

Athletics: Gay sets 9.79sec challenge

channelnewsasia.com 05 Jun '11, 9am

EUGENE, Oregon: American sprinter Tyson Gay notched the world's best 100m of 2011 on Saturday as he posted 9.79sec at a lo...

DTN Singapore: US private-sector hiring slumps ...

straitstimes.com 01 Jun '11, 3pm

WASHINGTON - THE US private sector added few jobs in May as employers faced rising signs the economy is entering a soft pa...

Delicious: Diary of A Singaporean Mind: May 2011: [survey]

Delicious: Diary of A Singaporean Mind: May 201...

singaporemind.blogspot.com 08 Jun '11, 12pm

On polling day, I was only sure of 2 things - Hougang will be won by WP and there is a vote swing against the PAP. As a Si...