This is WEEKEND EDITION from NPR News. I'm Rachel Martin.
Disappointing. Dismal. Bleak. These are just a few of the words used to describe the latest employment report. It showed that the U.S. economy added just 69,000 jobs in May. That's less than half of what economists had expected. And this was the third consecutive month of weak results, which raises new concerns about the sputtering economic recovery.
Friday's disappointing jobs report added to worries the recovery is in trouble. Only 69,000 new jobs were added to payrolls, and the unemployment rate moved higher, to 8.2 percent. Suddenly there is more talk about the Fed and what it might do to get the economy moving again. NPR's Jim Zarroli reports.
Home ownership has long been considered a key part of the American Dream. The dream has taken a beating in recent years, but polls show the desire to own remains extremely high. NPR's Chris Arnold discusses the state of home ownership and reviews the latest housing news with host Rachel Martin.
Among the more than 12 million Americans out of work, almost half have been out of work for more than six months. In its latest issue, Bloomberg Businessweek magazine profiles 12 people among these long-term unemployed who have managed to get back into the workforce. Host Guy Raz talks with Josh Green, senior national correspondent with Bloomberg Businessweek.
You know, if Facebook were a Broadway show, they'd be firing the director and rewriting the script. Facebook share price closed this week at $27.72. That's more than a 25 percent drop from its initial public offering price. The social networks debut as a publically traded company last month has been panned, questioned and trouble by a Securities and Exchange Commission probe and shareholder lawsuits.