Job Loss For Fifth Month Straight

High unemployment continues as the numbers come in for the month of May. Jobs loss to American workers in May was reported at 49,000. So far the highest reported for a single month was February when the figure hit 63,000 jobs loss.

As more home foreclosures are increasing, and more job opportunities are declining, employers are worried of their own prospects and the profits for their businesses that they lay off employees and clamp down - freezing - any new hiring.

Still with the Government reporting lower job losses for January, April, and March then coming back with the corrections after the numbers were challenged - what are the chances that the number for the month of May are accurate. Just like the other three months whose figures turned out to be much higher than first reported, May could have higher figures as well.

Chief economist, Mark Zandi stated that for the average American there is not debate that the economy is in a recession. He added "That's because their net worth is lower, their purchasing power is lower, and it's tough to find a job. If you lose a job, it is tough to get back in."

For the fifth month of the year the job lose has totaled 324,000.

Still the feds and Bush Republican Administration are hopeful that the economy will be pulled out of the "Deep Funk" in the second half of the year, which was reported by Jeannine Aversa the Associated Press Economics Writer. The article was U.S. Jobless Rate Spikes to 5.5 percent, which was posted on ABCnews.com.