A new report from the Department of Labor revealed Friday provided evidence to speculation that the pace of economic recovery has plateaued after months of solid job growth.
According to the report, 54,000 jobs were added to the private sector following an increase of 232,000 just one month prior. Additionally, for the second straight month, the unemployment rate has once again crawled above 9 percent, sitting at 9.1 percent.
Despite the miniscule increase in the unemployment rate, the Labor Department’s report indicated that the total number of people unemployed in America “were essentially unchanged.”