Today’s Employment Situation Report showed somewhat mixed results with net nonfarm payrolls increasing 290,000 since March (including notable upward revisions to prior months) while the unemployment rate increased to 9.9%.Further, it's important to note that both the larger U6 total unemployment rate and the unemployment rate of full-time workers increased notably while the long term unemployed measures continued to worsen significantly.
Also, its important to consider that nonfarm payrolls are still 1.05% below the level seen in April 2009 and some 5.65% below the peak level seen in December of 2007.
