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Economy Slows The unemployment rate in the U.S. rose to 4.1% in May amid signs the economy is slowing. The Labor Department says unemployment increased 2% from April's 30-year low of 9%. A separate survey of payrolls showed an increase of 231,000, but the number of jobs in the private sector actually fell for the first time in four year.

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Economy Slows

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Economy Slows

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The unemployment rate in the U.S. rose to 4.1% in May amid signs the economy is slowing. The Labor Department says unemployment increased 2% from April's 30-year low of 9%. A separate survey of payrolls showed an increase of 231,000, but the number of jobs in the private sector actually fell for the first time in four year.