So the stock market drops almost 400 points putting it at around 12,200, still not below March but definitely not recovering like many were beginning to hope!  Oil prices at a new record, sigh - we were hoping that maybe gas prices would begin to drop a bit. 

Here's the Labor picture from the NY Times article on the Unemployment rate for May:
 
          
Unfortunately, the picture here does not reveal all of the details - for example:

Among the 8.55 million people who were unemployed in May, 1.55 million had been unemployed for 27 weeks or longer. Federal unemployment benefits currently expire after 26 weeks. The bill approved by the Senate and facing a vote in the House would add another 13 weeks of cash assistance.

The bill has been threatened with a veto by the President, the article further states.  We shall see next month if there have been 6 months of negative job growth or not.  Remember that we need 120,000+ new jobs each month to add the new workers coming into the labor force.