248,000 payroll jobs added in May; Jobless rate: 5.6%

CNBC | Friday, June 4, 2004

[JohnHuang2]

lol!

[FITZ]

I always pay attention to the job ads and recently there are quite a few more jobs being advertised and not just the 'work at home for $1000 a week' type jobs --- but good jobs at all levels.

[Constitution Day]

You're welcome!

[NYC Republican]

That would just barely erase yesterday's losses... It's been a solid couple of weeks... here's hoping it breaks the all-time record (I'm still optimistic that all 3 major indexes will reach all time highs - the Dow by the election, the S%P by '06, and the NASDAQ by '22).

[Badeye]

Only fools and Democrats bet against this economy.

[xzins]

The number of unemployed persons was essentially unchanged at 8.2 million in May, and the unemployment rate held at 5.6 percent. The unemployment rate has been either 5.6 or 5.7 percent in each month since December 2003. The unemployment rates for the major worker groups--adult men (5.2 percent), adult women (4.8 percent), teenagers (17.2 percent), whites (5.0 percent), blacks (9.9 percent), and Hispanics or Latinos (7.0 percent)--were little changed in May. The unemployment rate for Asians was 4.2 percent, not seasonally ad- justed. (See tables A-1, A-2, and A-3.)

I strongly object to teenagers being in the unemployment figures.

At a minimum, it should be teenagers who are not claimed as dependents on another's tax return, and who are not wards of any government or charitable agency.

Including teenagers really unnecessarily skews these numbers.

[NYC Republican]

Kittymyrib Are you a troll? Are you sad by the news?

I don't think that's the case... I think kitty was just looking at all angles... perhaps being a bit pessimistic... but not a troll.

[JohnHuang2]

"(I'm still optimistic that all 3 major indexes will reach all time highs - the Dow by the election, the S%P by '06, and the NASDAQ by '22)"

Solidly within reach, my friend. Buckle your seat belts! ;-)

[jveritas]

Thank you. It is just a common sense ad.

[FlipWilson]

Bush is just creating these jobs to divert attention from: 1)his total responsibility for 9/11 by not acting pre-empitvely based on non-specific intelligence; 2) his poisoning of the water, air and earth; 3) his personal involvement in the Aba Daba Doo Prison Abuse scandal; 4) his horrific war crime of (based on specific intelligence) pre-empitvely invading Iraq and deposing poor Saddam (Bribe's Anybody) Hussein; and finally 5) to cover his tracks in outing Valerie Plame as an ex-CIA operative after her husband had already done so.

Step right up ladies and gents. Place yer bets, what scandal will the media come up with tonight to bury the good economic news!!

[NYC Republican]

Not true, this market is openning up. I watched the futures POP on the report.

Which part's not true??

[JohnHuang2]

Only fools and Democrats bet against this economy.

Bingo -- the same fools who bet against the Reagan economy in '84.

[ChadGore]

Thank you George W. Bush

[JohnHuang2]

Welcome.

[ChadGore]

GOOD NEWS FOR AMERICA ?

"I'm
deeply
saddened"

[babaloo]

You a wise man Flipster. I am at a loss to predict the next "scandal". Maybe Bush was the one who told Chalabi about the Iranian Code being cracked-in a drunken stupor at that.

[JohnHuang2]

bwahahahahaHAHAHAHAHAHAHAHA!

[JohnHuang2]

Thank you George W. Bush

Seconded!

[Skooz]

Gee. I wonder if this great economic news gets overshadowed by other items of the day...

What a coincidence that every time the unemployment/employment/GDP numbers are released, some big news item pushes them to the back page.

That never happened when the numbers weren't so good. I guess we had a lot of slow news days back then.

[NYC Republican]

If the Dow ends up 60 points today, it's off 12.5% from its high (of 11,722). Aggressive? Sure, but reachable.