Unemployment Up in May

Over three hundred thousand people lost their jobs in May, according to a report from the Bureau of Labor Statistics. "Employers took 2,933 mass layoff actions in May that resulted in the separation of 312,880 workers, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month," the report stated. Each of the mass layoff actions affected a minimum of 50 employees.

To read the entire Bureau of Labor Statistics report, please go to http://www.bls.gov/news.release/pdf/mmls.pdf.