Today's 10% rise in the Unemployment Rate from 5.0% to 5.5% marks the largest monthly increase since January 1975, and the twelfth largest increase since 1950.
The individual components of the report show that the largest area of weakness was among 16 to 19 year olds (it looks like a lot of kids will be playing video games this Summer). On a positive note, the rate for married men and married women only rose by slightly more than 3%.
