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

Skip to comments.

US Creates 69,000 New Jobs, Unemployment Rate 8.2% (Up from 8.1%)
CNBC.COM ^ | 6/1/12 | Jeff Cox

Posted on 06/01/2012 5:33:07 AM PDT by NE Cons

The American jobs engine hit stall speed in May, with the economy adding just 69,000 new jobs while the unemployment rate climbed to 8.2 percent.

Photo: Sturti | Vetta | Getty Images --------------------------------------------------------------------------------

As another summertime swoon looms, the Bureau of Labor Statistics reported that job creation missed economist estimates for 158,000 new positions, and said labor force participation remains near 30-year lows though incrementally better than last month.

In May, stocks suffered through their worst month in two years, and the job-creation figures only added to the gloom.

Stock market futures indicated a sharply lower open for Wall Street, while investors continued to pour into bonds, sending the 10-year Treasury note yield tumbling to near 1.50 percent

The report comes a month after the government reported that just 115,000 new jobs were added in April, a number that helped contribute to a general malaise about economic growth.

With worries swelling over the state of the global economy, another weak employment report in the U.S. adds to fears that a sharp slowdown is on the way.


TOPICS: Breaking News; Politics/Elections
KEYWORDS: pathetic
Navigation: use the links below to view more comments.
first 1-2021-4041-6061-80 ... 141-155 next last
Absolutely pathetic numbers overall. Markets are tanking
1 posted on 06/01/2012 5:33:16 AM PDT by NE Cons
[ Post Reply | Private Reply | View Replies]

To: NE Cons
In addition, there were significant revisions downward from the past 2 months.

ALL smoke and mirrors from the current regime

2 posted on 06/01/2012 5:35:21 AM PDT by NE Cons (Huge Palin Fan. Was a Hard-Core Perry supporter. Now Hard-Core ABO)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NE Cons

What this means that the real numbers are much, much worse. So bad that even the big government/MSM lie-machine could pull of this kabuki unemployment scam any longer.


3 posted on 06/01/2012 5:35:29 AM PDT by Gaffer
[ Post Reply | Private Reply | To 1 | View Replies]

To: Gaffer

This is another summer of recovery?


4 posted on 06/01/2012 5:37:08 AM PDT by scooby321 (h tones)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Gaffer
But they'll surely try

-49,000 in revisions from Mar and Apr!

5 posted on 06/01/2012 5:37:42 AM PDT by NE Cons (Huge Palin Fan. Was a Hard-Core Perry supporter. Now Hard-Core ABO)
[ Post Reply | Private Reply | To 3 | View Replies]

To: NE Cons; All

April’s jobs report revised DOWNWARD 38,000 jobs, March DOWNWARD 11,000...


6 posted on 06/01/2012 5:37:45 AM PDT by God luvs America (63.5million pay no federal income tax then vote demoKrat)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NE Cons
Can't wait to hear the Obama administration's spin on this....”Bush's Fault”......
7 posted on 06/01/2012 5:38:19 AM PDT by Rational Thought
[ Post Reply | Private Reply | To 1 | View Replies]

To: scooby321

Biden’s 500,000 a month during summer. Oh wait, that was last summer. Or the summer before... Pathetic.


8 posted on 06/01/2012 5:38:36 AM PDT by NE Cons (Huge Palin Fan. Was a Hard-Core Perry supporter. Now Hard-Core ABO)
[ Post Reply | Private Reply | To 4 | View Replies]

To: NE Cons

Things must be getting really bad, even with Obama’s Labor Department massaging the numbers and simply dropping millions from the universe of workers, the rate still ticked up. Of course without that massaging it would have probably jumped to 8.5%...


9 posted on 06/01/2012 5:38:51 AM PDT by apillar
[ Post Reply | Private Reply | To 1 | View Replies]

To: NE Cons; All

watching CNBC- they look like they want to commit suicide...dow futures down 195pts...

expectations were 150,000 jobs...


10 posted on 06/01/2012 5:39:12 AM PDT by God luvs America (63.5million pay no federal income tax then vote demoKrat)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NE Cons

ANYONE who votes for this clown again needs to be lobotimized


11 posted on 06/01/2012 5:39:21 AM PDT by LRoggy (Peter's Son's Business)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Rational Thought

Well, Bush was in the White House yesterday.

Coincidence?


12 posted on 06/01/2012 5:39:40 AM PDT by Arm_Bears (Journalists first; then lawyers.)
[ Post Reply | Private Reply | To 7 | View Replies]

Comment #13 Removed by Moderator

To: apillar
I think it's time for Obama to put on a sweater and give a Jimmy Carter “Malaise” speech...
14 posted on 06/01/2012 5:40:44 AM PDT by apillar
[ Post Reply | Private Reply | To 9 | View Replies]

To: NE Cons; All

CNBC talking about not only how bad the report is but how the revisions from the past two months show the trend....they then sadly noted how this is going to hurt obama’s re-election chances- BOO HOO...


15 posted on 06/01/2012 5:41:12 AM PDT by God luvs America (63.5million pay no federal income tax then vote demoKrat)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NE Cons

if all else fails blaming Blown will rally the rat troops.

have a nice fall over the edge into abyss.


16 posted on 06/01/2012 5:41:16 AM PDT by Gasshog (Tragically,Obama ate the blue dog...)
[ Post Reply | Private Reply | To 2 | View Replies]

To: God luvs America
The ONLY guy that tells it like it is, is Rick Santelli. Everyone else, including the "money honey" is a disgrace.

Loving their reaction, but taking a bath in my 401k.

17 posted on 06/01/2012 5:41:24 AM PDT by NE Cons (Huge Palin Fan. Was a Hard-Core Perry supporter. Now Hard-Core ABO)
[ Post Reply | Private Reply | To 10 | View Replies]

To: NE Cons

if all else fails blaming Boosh will rally the rat troops.

have a nice fall over the edge into abyss.


18 posted on 06/01/2012 5:41:52 AM PDT by Gasshog (Tragically,Obama ate the blue dog...)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Arm_Bears

Thanks for that....I needed the laugh......


19 posted on 06/01/2012 5:42:01 AM PDT by Rational Thought
[ Post Reply | Private Reply | To 12 | View Replies]

To: NE Cons

Obama AND the Democrats are presiding over JOB DESTRUCTION. He is a far-left type who wants to recreate in the United States the economic situation in Russia in 1917.


20 posted on 06/01/2012 5:42:57 AM PDT by MIchaelTArchangel (Da Bro' Gotsta Go!)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-80 ... 141-155 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