Three Reasons the Job Market is Still Suffering

May's disappointing jobs report rattled Wall Street and has many economists and consumers wondering if the labor market was ever on a path to recovery. On Friday the Labor Department reported the economy added 69,000 jobs last month, short of the expected 158,000 new positions. The unemployment rate ticked up to 8.2% and both the April and March job creation figures were revised downward. The following figures also throw cold water on hopes we were turning the corner on job creation: 14.8%: The percentage of underemployed (both jobless and voluntarily part-time) 16.1%: The percentage of 16-24 year olds unemployed 50%: The percentage of college graduates unable to find a job within a year of graduation (2009-2011) 5.4 million: The number of Americans who have been unemployed longer than six months. In light of these worse-than-expected numbers, it's time to identify barriers that are hurting job creation and stifling any growth in the labor market and how to fix them. Continue reading this story

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