The government said Friday that the unemployment rate soared to 5.5% in May from 5% in April - much higher than economists had forecast.
The surge marked the biggest one-month jump in unemployment since February 1986, and the 5.5% rate is the highest level seen since October 2004. Unemployment is now a full percentage point higher than it was a year ago.
The jobs report came on the same day that oil prices soared to $134 as the dollar lost value against the euro and the yen. It also comes the day after the Mortgage Bankers Association reported that homes in foreclosure crossed the 1 million mark during the first quarter, a record high.
But hey... Jack Black, and Adam Sandler have new comedies opening this weekend. KUNG FU PANDA and YOU DON'T MESS WITH THE ZOHAN are just what we need, because if we aren't laughing we'd probably be crying.
Here are some reviews but lets face it we really just need to get out and laugh. ZOHAN . KUNG FU PANDA