Monday, June 9, 2008

Unemployment spike stirs stimulus talk

Democratic leaders in Congress call for new measures to spur economy and help unemployed.

The dismal jobs report on Friday has prompted renewed calls for a second congressional effort to stimulate the economy.

The Labor Department reported that the unemployment rate jumped to 5.5% in May from 5% a month earlier. It was the biggest monthly increase in more than 20 years.

Democratic leaders on Capitol Hill said the report shows that Congress and the Bush administration need to do more to help workers and the unemployed.

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