Unemployment Rises, As Car Sales And Home Prices Sag

04:36

June 03, 2011

Job seekers line up at the 10th annual Skid Row Career Fair held at the Los Angeles Mission downtown Los Angeles Thursday. (AP)

Here & Now Guest:

Micheline Maynard, senior editor of the public radio project Changing Gears

As President Obama tours a Chrysler factory in Ohio, the latest jobless numbers show employers added the fewest jobs in eight months and the unemployment rate rose to 9.1 percent.

The President's economic adviser Austan Goolsbee said in a statement this morning that "there are always bumps on the road to recovery, but the overall trajectory of the economy has improved dramatically over the past two years."

But, some economy watchers such as Peter Morici and Ben Smith see more gloom and doom.

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This segment aired on June 3, 2011.