They really need to invest in a new crystal ball.
Posted on 06/04/2010 5:32:02 AM PDT by C19fan
Total nonfarm payroll employment grew by 431,000 in May, reflecting the hiring of 411,000 temporary employees to work on Census 2010, the U.S. Bureau of Labor Statistics reported today. Private-sector employment changed little (+41,000). Manufacturing, temporary help ser- vices, and mining added jobs, while construction employment declined. The unemployment rate edged down to 9.7 percent.
(Excerpt) Read more at bls.gov ...
Not even the census hirings are correct because they hired and fired the same people over and over to bump the numbers.
This is hugh and series!
All the analysts have been crowing the last couple days that there would be 500,000+ jobs created with 150,000+ in the private sector are feeling mighty stupid now.
Unexpected, hee hee.
Most of the jobs created were census jobs and government workers.
A drop in the bucket for private sector jobs.
And they say the economy is recovering? Hah! What a load of horseshit.
Weren’t the “experts” predicting over 500k jobs created?
In other news, 431,000-411,000= 41,000 according to the BLS.
Not generally within the same month. But 600K temporary census hires are almost half a percent of our entire workforce, so take that crutch out and unemployment continues to worsen.
As a previous poster mentioned, they thought there would be around 150K private sector jobs plus the 400k Census related.
More smoke and mirrors. All the average moronic American will see is the 9.7% unem rate which the MSM will be happy to report. And that’s ALL they will report.
411,000 “temporary” Census worker jobs! Can’t be good!
Govt sector jobs UP 390,000 in May.
Several months ago, Stuart Varney of FoxNews said that the economy would have to be creating 200,000 jobs per week (non-governmental) to have any impact on the jobless numbers.
New UE’s are still close to half-a-million per week.
How’s that hope and change working out?
A big difference between 400k plus and 300k. Epic Obami FAIL!
Part of the drop in unemployment rate was due to discouraged workers. The labor force dropped by 322K.
431,000 is NON-FARM payroll. I’m assuming the 41,000 includes FARM payroll.
June 4 — Employers in the U.S. hired fewer workers in May than forecast, showing a lack of confidence in the recovery that may lead to slower economic growth.
Payrolls rose by 431,000 last month after a 290,000 increase in April, figures from the Labor Department in Washington showed today. The gain was smaller than the 536,000 median forecast.
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