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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
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Absolutely pathetic numbers overall. Markets are tanking
1 posted on 06/01/2012 5:33:16 AM PDT by NE Cons
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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)
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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
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To: Gaffer

This is another summer of recovery?


4 posted on 06/01/2012 5:37:08 AM PDT by scooby321 (h tones)
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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)
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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)
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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
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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)
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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
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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)
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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)
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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.)
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To: Gaffer
Of truth do ye speak. They're afraid of spooking everything and everybody so they keep cooking these books. Along with the nitwit lemmings of the MSM.


13 posted on 06/01/2012 5:40:29 AM PDT by F15Eagle (1 John 5:4-5, 4:15, 5:13; John 3:17-18, 6:69, 11:25, 14:6, 20:31; Rom10:8-11; 1 Tim 2:5; Titus 3:4-5)
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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
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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)
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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...)
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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)
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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...)
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To: Arm_Bears

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


19 posted on 06/01/2012 5:42:01 AM PDT by Rational Thought
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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!)
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To: scooby321
This is another summer of recovery?

More a summer of wreckovery.

21 posted on 06/01/2012 5:42:57 AM PDT by Roccus
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To: God luvs America

Sounds like its time for another luxury Hawaiian vacation for the occupants of the White House.


22 posted on 06/01/2012 5:42:57 AM PDT by jimbo123
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To: NE Cons

ditto here- but i’m not retiring soon....buying opportunity...


23 posted on 06/01/2012 5:43:06 AM PDT by God luvs America (63.5million pay no federal income tax then vote demoKrat)
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To: Rational Thought

“Can’t wait to hear the Obama administration’s spin on this....”Bush’s Fault”......”

Well . . . isn’t Bush’s birthday this month or next? That’s reason enough to for The WON to blame Bush for the bad job numbers.


24 posted on 06/01/2012 5:44:15 AM PDT by No Truce With Kings (Ten years on FreeRepublic and counting.)
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To: God luvs America

WHO is stupid enough to expect 150,000 jobs? The morons in the media, already in the frickin’ tank for Obamugabe?


25 posted on 06/01/2012 5:44:39 AM PDT by SoFloFreeper
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To: Gaffer
"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"

Post of the day. Spot on.

Obama has been faking the U3 numbers so long eventually there was nothing left.

The idea of the unemployment rate going up in May is on its face, absurd. Construction and other outdoor jobs should be increasing, while high school and college students have not yet fully entered the summer jobs market.

26 posted on 06/01/2012 5:45:13 AM PDT by magellan
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To: NE Cons
69,000 jobs, divided by 50 states (there are 50 states 0bama), equals 1,380 jobs per state. Pathetic.

5.56mm

27 posted on 06/01/2012 5:45:38 AM PDT by M Kehoe
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To: NE Cons

It won’t be long before the grass roots order will be given to reactivate the economy. The time of shutdown protest over the election of Obama will be ending soon.

But before it will occur it must be established that any improvements will not be credited to Obama.

Its bee tough the last couple of years having to perform a patriotic protest of the illegal election by doing everything, anything everywhere to throw a monkey wrench into the economy. In the end when Obama is gone America will remember, never again will white guilt make our decisions.


28 posted on 06/01/2012 5:45:55 AM PDT by Eye of Unk (Liberals need not reply.)
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To: Rational Thought
"Can't wait to hear the Obama administration's spin on this....”Bush's Fault”......"

Well he was back in the White House yesterday.

29 posted on 06/01/2012 5:46:29 AM PDT by Reo (the 4th Estate is a 5th Column)
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To: scooby321

An oatmeal cookie to the first reporter to ask Joe Biden if this is “recovery summer.”


30 posted on 06/01/2012 5:46:38 AM PDT by PJ-Comix
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To: M Kehoe
Oh, and next month that figure will be revised DOWN.

5.56mm

31 posted on 06/01/2012 5:46:48 AM PDT by M Kehoe
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To: Rational Thought
"Can't wait to hear the Obama administration's spin on this....”Bush's Fault”......"

Nah, instead he'll say something Like "The economy is faltering because Congress won't pass my budget." and all the MSM monkeys will nod and agree and report it as fact.

32 posted on 06/01/2012 5:47:11 AM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: NE Cons
Biden has been removed from the scene for now:

http://www.freerepublic.com/focus/f-news/2889044/posts

33 posted on 06/01/2012 5:47:53 AM PDT by Former Proud Canadian (Obamanomics-We don't need your stinking tar sands oil, we'll just grow algae.)
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To: NE Cons
From the article:

"Construction took the biggest hit, dropping by 28,000 for the month."

This is especially troubling. Construction jobs should be increasing in May.

Did I miss something? Were there any large scale weather events in May which killed construction jobs?

34 posted on 06/01/2012 5:48:17 AM PDT by magellan
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To: Rational Thought
Can't wait to hear the Obama administration's spin on this....”Bush's Fault”......

HEADWINDS

35 posted on 06/01/2012 5:48:40 AM PDT by Roccus
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To: NE Cons


36 posted on 06/01/2012 5:49:16 AM PDT by Errant
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To: NE Cons

Look over there! Bain Capital! - Jay Carney


37 posted on 06/01/2012 5:49:24 AM PDT by PogySailor (Obama is a SCOAMF)
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To: NE Cons

See?? George Bush sets foot back in the White House yesterday and unemployment goes back up today.

Coincindence? I think not. /s


38 posted on 06/01/2012 5:50:14 AM PDT by citizen (Obama blames:Arab Spring,Banks,Big Oil,Bush,Ceos,Coal,Euro Zone,FNC,Jpn Tsunami,T Party,Wall St,You)
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To: NE Cons

Your Honor...

Counsel presents Evidence Item #1... the regime has failed.


39 posted on 06/01/2012 5:51:02 AM PDT by ScottinVA (Buying Drain-O requires photo I.D... yet voting doesn't???)
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To: NE Cons

NEW YORK (AP) — U.S. stock futures are plummeting after the release of a report on the job market that was far weaker than economists expected.

Dow Jones industrial average futures, which were down 100 points before the report came out at 8:30 a.m. EDT Friday, shot down an additional 100 points within minutes.


40 posted on 06/01/2012 5:51:54 AM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: LRoggy
ANYONE who votes for this clown again needs to be lobotimized

Impossible!!! They already WERE lobotomized!

41 posted on 06/01/2012 5:52:01 AM PDT by ScottinVA (Buying Drain-O requires photo I.D... yet voting doesn't???)
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To: Charles Henrickson

The DUmmies are bummed out by this latest report.


42 posted on 06/01/2012 5:53:07 AM PDT by PJ-Comix
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To: F15Eagle

EXCELLENT! Love it


43 posted on 06/01/2012 5:53:23 AM PDT by NE Cons (Huge Palin Fan. Was a Hard-Core Perry supporter. Now Hard-Core ABO)
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To: ScottinVA
Nothing will change until after the election...TJ Rogers said it on Kudlow business is not going to invest until Obama is gone...2012 or 2016...
44 posted on 06/01/2012 5:53:53 AM PDT by Hojczyk
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To: NE Cons
JimPethokoukis: Recession Watch: When you have a year of sub-2% GDP growth like in 2011, recession follows within a year 70% of time
45 posted on 06/01/2012 5:54:25 AM PDT by TonyInOhio (The dice are on the table. It is hot in Suez.)
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To: NE Cons

pretty dismal.

I’m happy because it means Obama is going to be down in the polls, but unhappy for what it means to people looking for work.


46 posted on 06/01/2012 5:54:43 AM PDT by babble-on
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To: NE Cons

President Trayvon should lobby to re-open all those “Polish Death Camps” so that all the unemployed “corpse men” can get back to work!


47 posted on 06/01/2012 5:55:28 AM PDT by Lovely-Day-For-A-Guinness (Eenie meanie, chili beanie, the spirits are about to speak....)
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To: NE Cons

ABO DAMNIT!

This country is going to implode if this freakshow continues any longer.


48 posted on 06/01/2012 5:55:52 AM PDT by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: TonyInOhio
Jonah Goldberg: Obama responds to jobs numbers: This just shows the GOP war on women and birth control has taken a terrible toll. Oh, and Bain!!
49 posted on 06/01/2012 5:57:03 AM PDT by TonyInOhio (The dice are on the table. It is hot in Suez.)
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To: Oldeconomybuyer
It's going to be a long day - Not...


50 posted on 06/01/2012 5:57:11 AM PDT by Errant
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