Friday, June 1, 2012 – 09:00 a.m.

The U.S. Department of Labor announced on Friday that the U.S. economy added just 69,000 jobs in May.

Approximately 100,000 less than economists had expected.

Job gains in the prior two months were also adjusted downward by approximately 45,000.

The unemployment rate rose from 8.1% to 8.2%.

The sagging unemployment numbers is of no surprise, and likely to worsen, as private companies and state and local governments execute more work force reductions.

If the trend continues, expect an impact on Presidential election politics and polling.