CNN: Unemployment rises to 6.1% :
The unemployment rate rose to 6.1 percent in May as businesses cut thousands more jobs, the government said Friday, extending the labor market’s prolonged slump.
Unemployment rose from 6.0 percent in April, the Labor Department said, to the highest level since July 1994. Economists, on average, expected a jobless rate of 6.1 percent, according to a Reuters poll.
