Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Job growth slows to 54,000 in May, rate up to 9.1%
Marketwatch ^ | 6.3.11 | Greg Robb

Posted on 06/03/2011 5:48:29 AM PDT by Free Vulcan

WASHINGTON (MarketWatch) -- Job growth decelerated sharply in May, the Labor Department said Friday. Total nonfarm payrolls increased by 54,000, much lower than the 125,000 gain expected by Wall Street economists. This is the smallest increase in nonfarm payroll since September. The unemployment rate ticked higher 9.1% in May from 9.0% in the previous month.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Breaking News; Business/Economy; Culture/Society; News/Current Events
KEYWORDS: bungle0bama8boys; cluelessrookie; criedinhabb; criedinhsbbpractice; crummygolfer1; economy; employment; fail; hiring; hsbbbenchsitter; icecreamboy0bama; jobless; jobs; maybealittleblow; maybealottablowjobs; noobpresidency; obamanomics; porkulus; queerbathrooms4ct; recovery; recoverysummer2; ruiningamerica; stimulus; summerofrecovery; unemployment; unexpected; unrespected
Navigation: use the links below to view more comments.
first 1-5051-100101-150151-158 next last
Unexpected! Drink!

The markets are NOT happy. S&P down 15 points in seconds and heading lower.

1 posted on 06/03/2011 5:48:32 AM PDT by Free Vulcan
[ Post Reply | Private Reply | View Replies]

To: Free Vulcan

gruesome


2 posted on 06/03/2011 5:49:57 AM PDT by babble-on
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free Vulcan

Let me guess..it was UNEXPECTED? LOL!


3 posted on 06/03/2011 5:50:00 AM PDT by lexington minuteman 1775
[ Post Reply | Private Reply | To 1 | View Replies]

To: All

I remember back when Bush was president and the dems were complaining about 5% unemployment and how bad it was. Rush referred to their vision as “soupline America”..
Now the really have a “soupline” but it’s the unemployment and foodstamp lines.


4 posted on 06/03/2011 5:51:12 AM PDT by newnhdad
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free Vulcan

Unemployment: The New Norm

Even as the economy recovers, the days of 5% unemployment may be gone for good.

A chorus of economists and labor market observers say that the “natural” or “structural” rate of unemployment has shifted up, meaning that Americans looking for work should get used to having a harder time finding it. The unemployment rate is currently 9% and could take until 2016 to reach the natural rate.

(Excerpt)

http://finance.yahoo.com/career-work/article/112786/unemployment-new-norm-fins

Lowering the bar is Standard Operating Procedure when trying to justify failed policy.


5 posted on 06/03/2011 5:51:37 AM PDT by WOBBLY BOB ( "I don't want the majority if we don't stand for something"- Jim Demint)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free Vulcan

The question is.......were they lying before or are they lying now.

I can’t trust anything coming from this administration.

Wonder the next words will be that we need to spend another billion or trillion to ‘stimulate’ the economy.


6 posted on 06/03/2011 5:51:37 AM PDT by Carley (OBAMA, DO YOU HEAR ME NOW.......'67 BORDERS, IT'S NOT GOING TO HAPPEN)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free Vulcan

They just announced laying off 400+ at Sikorsky in Elmira NY, nothing left here, shut the lights off...wait, NYSEG will do that for us! Priced themselves out of business too!

Just great.

Actually, the UI rate is around 20% without the funny stuff. They can’t hide the numbers any more....numbers are facts and facts don’t spin or lie.


7 posted on 06/03/2011 5:52:40 AM PDT by Shady (The President has become Judas.......)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free Vulcan

Seriously, it is now time for the Democrat Party to take some very serious action and force POTUS Obama out of office, either by his resignation or impeachment. Obama, IMHO, has purposely destroyed the American economy and jobs market!!! Obama is not an American and should not remain as the POTUS. Failure of action on the part of the Democrat Party will cause its destruction in November, 2012!!! Better wake-up quick, Democrats!!!


8 posted on 06/03/2011 5:53:07 AM PDT by JLAGRAYFOX
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free Vulcan

The media can’t lie their way out of the failures of obamanomics. They can’t sit there and pretend a recovery is in effect for a full two years (as of this month) and expect the people to accept this new downturn as anything other than a failure of big government and a centrally controlled economy.


9 posted on 06/03/2011 5:53:25 AM PDT by ilgipper
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free Vulcan
Official unemployment percentage ticks up a tenth.

It is still going the wrong way. After that short-lived dip to under 400k a few weeks ago, the numbers the last few weeks have been steadily above 400k.

Of course, this all unexpected and has taken government economists completely by surprise -- again.

Link to the full BLS report:

10 posted on 06/03/2011 5:54:03 AM PDT by TomGuy
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free Vulcan

Time for the Clinton’s to start floating a “draft Hillary” movement.


11 posted on 06/03/2011 5:54:58 AM PDT by Chandalier (Obama is a Chicken Hawk!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Carley

” The question is.......were they lying before or are they lying now.

I can’t trust anything coming from this administration. “

If the ‘Official’ (i.e. massaged, ‘cooked’, and outright fraudulent) numbers are this bleak, the ‘Reality’ must be truly frightening....


12 posted on 06/03/2011 5:55:36 AM PDT by Uncle Ike (Rope is cheap, and there are lots of trees...)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Shady
Actually, the UI rate is around 20% without the funny stuff. They can’t hide the numbers any more....numbers are facts and facts don’t spin or lie.

U6 is at 15.8% which is down from 15.9% last month. Link. Still stubbornly high and is the "true" unemployment number not the BS headline number that excludes people that have given up looking for work.

13 posted on 06/03/2011 5:56:00 AM PDT by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: ilgipper

Oh but the CBS Early Morning Show tried to put a positive spin on it this morning. I don’t know if you guys watched the 7 am - 7:10 am segment but CBS did a story on the car industry in Detroit and how we should THANK Obama for ONLY losing $14 BILLION in taxpayer money in propping up the auto industry.

How do those people sleep at night?


14 posted on 06/03/2011 5:56:49 AM PDT by GOPRaleigh (I cannot afford any more hope and change)
[ Post Reply | Private Reply | To 9 | View Replies]

To: ilgipper

NBC news with Brian Williams skewered Obama last night on the economy.

Obama’s in Ohio today touting “bright spots” in the economy. I think that’s really just the glow from everything burning around him.


15 posted on 06/03/2011 5:57:14 AM PDT by TSgt ("Some folks just need killin'" - Karl Childers (Sling Blade 1996))
[ Post Reply | Private Reply | To 9 | View Replies]

Comment #16 Removed by Moderator

To: Free Vulcan

Libs on CNBC would rather lie than present sound economics.

Present such nonsense as “Education is a problem, yet we’re firing teachers”...

The problem with education is CONTENT and the quality of teachers staying on the job due to union rules.


17 posted on 06/03/2011 5:58:16 AM PDT by G Larry (I dream of a day when a man is judged by the content of his character)
[ Post Reply | Private Reply | To 1 | View Replies]

To: JLAGRAYFOX

Communists in the White House are not good for the economy. Case closed.


18 posted on 06/03/2011 5:58:23 AM PDT by screaminsunshine (Socialism...Easier said than done.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: LOC1

Hope and change.


19 posted on 06/03/2011 5:59:17 AM PDT by GlockThe Vote (F U B O ! ! !)
[ Post Reply | Private Reply | To 16 | View Replies]

To: Free Vulcan

The McDonalds hiring bump is over...


20 posted on 06/03/2011 6:01:06 AM PDT by Rennes Templar
[ Post Reply | Private Reply | To 1 | View Replies]

To: Carley
The question is.......were they lying before or are they lying now.

Both. Always.

21 posted on 06/03/2011 6:02:42 AM PDT by ding_dong_daddy_from_dumas (Budget sins can be fixed. Amnesty is irreversible.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Free Vulcan

Is it wrong of me to smile at this news? It seems selfish to want the economy to be really bad for 2012 but that is the way I feel. Anything that hurts Obama.


22 posted on 06/03/2011 6:03:13 AM PDT by ilovesarah2012
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free Vulcan

Anybody want to guess how long it will be before the Obama administration trots out Geitner to say all the bad economic news is the fault of house Republicans because they will not pass a clean vote to raise the debt ceiling? (he’s starting to sound like that old guy the keeps predicting the end of the world). Also, if you need a good laugh, some democrats are seriously pushing a Porkulus II, claiming the downturn is based on the first Porkulus wearing off.


23 posted on 06/03/2011 6:03:38 AM PDT by apillar
[ Post Reply | Private Reply | To 1 | View Replies]

To: newnhdad

It’s not so much food stamps anymore but its Link cards. Stay the heck away from Wal-Mart on the first of the month when the Link cards get recharged because it looks like a 3rd world country in there. That’s exactly how the current administration wants it.


24 posted on 06/03/2011 6:03:52 AM PDT by BobinIL
[ Post Reply | Private Reply | To 4 | View Replies]

To: Rennes Templar

I am sure it will be revised downward.


25 posted on 06/03/2011 6:04:06 AM PDT by scooby321
[ Post Reply | Private Reply | To 20 | View Replies]

To: Free Vulcan
Mordor on the Potomac...


26 posted on 06/03/2011 6:04:30 AM PDT by DTogo (High time to bring back the Sons of Liberty !!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: JLAGRAYFOX
Seriously, it is now time for the Democrat Party to take some very serious action and force POTUS Obama out of office

Rush L was talking yesterday about the seeming change in the MSM and their reporting as if they are tired of carrying water for Obama.

If the numbers continue to be bad, I wonder whether some of the MSM's recent turn is signalling Team Obama that they could be losing both MSM and DNC support. Could it be a signal that they are telling Team Obama to demonstrate more serious concern about the economy or they will find a way to dump him [feigned illness or some such] and look for another candidate?

Both the MSM and DNC are having a difficult time continuing to support Obama.

The economy could be Obama's Vietnam -- forcing him out by his own party [shades of LBJ] after one term in hopes of cutting their loss. [Is Hillary secretly tuning up as a potential replacement candidate?]
27 posted on 06/03/2011 6:04:55 AM PDT by TomGuy
[ Post Reply | Private Reply | To 8 | View Replies]

To: All

Expanded followup article:

http://www.marketwatch.com/story/job-growth-slows-to-54000-in-may-rate-up-to-91-2011-06-03


28 posted on 06/03/2011 6:06:44 AM PDT by Free Vulcan (Vote Republican! You can vote Democrat when you're dead.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free Vulcan

Here’s the really good part:

The BLS collects two sets of data: payroll and household.

The 54,000 figure is from payroll data which has been adjusted by the Birth and Death model by +206,000.

[The Birth and Death model is a statistical tool used to guesstimate the number of jobs created by the birth and death of businesses. For example last month’s +244,000 had been adjusted by +175,000.]


29 posted on 06/03/2011 6:06:54 AM PDT by algernonpj (He who pays the piper . . .)
[ Post Reply | Private Reply | To 1 | View Replies]

To: WOBBLY BOB

-——Unemployment: The New Norm-——

Not necessarily because there is a very large but unstated factor in the real total. The factor id illegal workers. If the administration would do it’s job, it would hold a massive crackdown and purge. The illegals would be either carried away or forced to flee.

The resultant jobs freed up will drastically lower the unemployment rate.


30 posted on 06/03/2011 6:07:44 AM PDT by bert (K.E. N.P. N.C. D.E. +12 ....( History is a process, not an event ))
[ Post Reply | Private Reply | To 5 | View Replies]

To: Free Vulcan

How many of these 54,000 jobs are full time?

(If someone gets a job for 6 hours a week - are they counted in that number? - anyone know?)


31 posted on 06/03/2011 6:09:06 AM PDT by libertarian27 (Ingsoc: Department of Life, Department of Liberty, Department of Happiness)
[ Post Reply | Private Reply | To 1 | View Replies]

To: bert

I would suggest the extended unemployment benefits are more to blame.


32 posted on 06/03/2011 6:09:28 AM PDT by abb
[ Post Reply | Private Reply | To 30 | View Replies]

To: Free Vulcan

Bush’s fault.


33 posted on 06/03/2011 6:09:56 AM PDT by Recovering_Democrat
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free Vulcan

EXPECTED. I think all of us EXPECTED this news. Thanks Obama voters.


34 posted on 06/03/2011 6:10:09 AM PDT by SueRae (I can see November 2012 from my HOUSE!!!!!!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free Vulcan
from The Commissioner's statement:

Wait until the June figures are released in early July. Bad weather damage will have a significant impact on the numbers.
35 posted on 06/03/2011 6:11:11 AM PDT by TomGuy
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free Vulcan

McDonald’s + 4000


36 posted on 06/03/2011 6:13:19 AM PDT by SpaceBar
[ Post Reply | Private Reply | To 1 | View Replies]

To: TSgt

As these terrible numbers have been coming out during the last week, I noticed a slight change in the media coverage. Instead of 24/7 glowing reverence, I started to hear some real questions being asked about the obvious slowdown. Overall, they still hold up the One as some sort of deity among men, but there are some cracks starting to show.

I know they will be full-bore for Obama when the campaign is underway, but the voters are being impacted, and should respond favorably to a GOP campaign that goes around the media and speaks plainly about the real problems.


37 posted on 06/03/2011 6:14:28 AM PDT by ilgipper
[ Post Reply | Private Reply | To 15 | View Replies]

To: Free Vulcan
Less than half of what had been EXPECTED! Yep, we're headed in the right direction.....sigh
38 posted on 06/03/2011 6:16:07 AM PDT by Bushbacker1 (I miss President Bush greatly! Palin in 2012! 2012 - The End Of An Error! (Oathkeeper))
[ Post Reply | Private Reply | To 1 | View Replies]

To: ilgipper

From NBC News last night:

What Recovery?
http://www.msnbc.msn.com/id/3032619/

“Bad sets of numbers that show real trouble still ahead.”


39 posted on 06/03/2011 6:16:58 AM PDT by TSgt ("Some folks just need killin'" - Karl Childers (Sling Blade 1996))
[ Post Reply | Private Reply | To 37 | View Replies]

To: Free Vulcan

No victory lap for Odumbo. I guess its back to golf and hoping for change.


40 posted on 06/03/2011 6:18:16 AM PDT by wiggen (The teacher card. When the racism card just won't work.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free Vulcan

U-word.


41 posted on 06/03/2011 6:18:42 AM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ilgipper

Failure depends on what you consider success. if your goal is to bring America down to size and punish her, you’d now consider the your policies successful.

Welcome to the new normal.
The tragedy of the commons coming soon to a neighborhood near you.


42 posted on 06/03/2011 6:21:46 AM PDT by griswold3 (Character is destiny)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Free Vulcan

If I had voted for Mr. Obama, I think this morning would be a really good day to take a long walk off a short pier.

Thanks for the great stimulus package, Mr. President. I hope all of your cronies liked it.

You spent all that time going for a ridiculously expensive health care program that cannot possibly work.

You should have spent the last two years working on growth.

OMG, are you this ignorant?

We would have been better off if you had spent the last two years asleep.


43 posted on 06/03/2011 6:22:29 AM PDT by RexBeach (If two people know, it's not a secret.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DTogo

That is exactly right. I feel like shouting “Rise, Men of the West!!!” I can’t wait until this evil tower falls.


44 posted on 06/03/2011 6:22:59 AM PDT by SueRae (I can see November 2012 from my HOUSE!!!!!!!!)
[ Post Reply | Private Reply | To 26 | View Replies]

To: Free Vulcan
Total nonfarm payrolls increased by 54,000, much lower than the 125,000 gain expected by Wall Street economists.

I believe the proper term here would be "hoped for," not "expected." Anyone expecting great economic news in this climate is seriously delusional.

45 posted on 06/03/2011 6:28:09 AM PDT by exDemMom (Now that I've finally accepted that I'm living a bad hair life, I'm more at peace with the world.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free Vulcan

Unemployment looking better, now only 9.1%.

Chocolate ration in June increased to 20 grams.

Obama a lock for 2012; weak Republican field in disarray.

(just give the MSM a little time, that’s what the news will look like before all is said and done).


46 posted on 06/03/2011 6:30:43 AM PDT by Stosh
[ Post Reply | Private Reply | To 1 | View Replies]

To: ilgipper

Thing is we had the dead cat bounce. The economy was picking up...for awhile. How do they blame Bush now?

This is all at Obama’s feet. What’s he going to say, that the GOP didn’t run high enough deficits? The only thing they got is the thug and bully avenue.


47 posted on 06/03/2011 6:31:17 AM PDT by Free Vulcan (Vote Republican! You can vote Democrat when you're dead.)
[ Post Reply | Private Reply | To 37 | View Replies]

To: ilovesarah2012
Is it wrong of me to smile at this news? It seems selfish to want the economy to be really bad for 2012 but that is the way I feel. Anything that hurts Obama.

I've never liked that attitude that some people have, saying they'd like to see the worst candidates win, so that people will see how bad things get and learn a lesson. I'd rather just avoid the bad times. But--I will admit, there is some value in people getting to witness for themselves just how badly a leftist ideologue can mess things up. It's been a LONG time since Carter; many voters today weren't around during his presidency.

Some dedicated leftists won't learn, however. No matter how bad things get, they'll believe that it's because we haven't gone far enough to the left.

48 posted on 06/03/2011 6:32:21 AM PDT by exDemMom (Now that I've finally accepted that I'm living a bad hair life, I'm more at peace with the world.)
[ Post Reply | Private Reply | To 22 | View Replies]

To: G Larry

In Wisconsin, we’re not firing teachers, just trying to get them to pay more for their benefits but you would think we’re marching them in front of firing squads.


49 posted on 06/03/2011 6:32:43 AM PDT by Trust but Verify (Let's party like it's 1773!)
[ Post Reply | Private Reply | To 17 | View Replies]

To: WOBBLY BOB

Unemployment: The New Norm

Unexpected is the New Norm.


50 posted on 06/03/2011 6:33:39 AM PDT by bikerman (Where Has My America Gone?)
[ Post Reply | Private Reply | To 5 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-100101-150151-158 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson