Smokin' . . .
Nonfarm payroll employment rose by 248,000 in May, and the unemployment rate was unchanged at 5.6 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The May increase in payroll employment follows gains of 346,000 in April and 353,000 in March (as revised). Job growth in May again was widespread, as increases continued in construction, manufacturing, and several service-providing industries.
Better than expected. Should lead all major newswires today. /sarcasm
Maybe I'll be working a good job in the States at this time next year. Wooohoooo!
Since its recent low in August 2003, payroll employment has risen by 1.4 million; 947,000 of this increase occurred over the last 3 months. Job growth was widespread in May, with gains continuing in construc- tion, manufacturing, and several service-providing industries. (See table B-1.)
In May, construction employment increased by 37,000, with most of the gain occurring in specialty trade contracting and the construction of buildings. Since March 2003, the construction industry has added about a quarter-million jobs.
Manufacturing employment grew by 32,000 in May. Since January, manufactur- ing as added 91,000 jobs, mostly in its durable goods component. In May, em- ployment rose in three construction-related manufacturing industries: fabri- cated metal products, wood products, and nonmetallic mineral products (such as concrete and cement). Employment also increased in computer and electronic products.
Economists surveyed by Briefing.com had forecasted 225,000 jobs being added in the May report, while John Kerry was hoping for no jobs being added.
It usually takes me about 8 weeks to find a good computer programming job when I put my mind to it. This time it took me 6.
947,000 new jobs in 3 months! Excellent news!
Difficult to see a negative spin on this, but I'm sure the networks will give it a whirl somehow lol!
Great News !
A great Bush 30 seconds ad:
Show John Kerry and Ted Kennedy saying that it is a jobless recovery than show the job added in the last three months, mentioning the numbers in each month with some great background music.
Only fools and Democrats bet against this economy.
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.
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!!