Skip to comments.Labor market saw modest lift in May
Posted on 06/06/2014 6:00:57 AM PDT by John W
The labor market continued last month to rebound from a severe winter slump.
Employers added 217,000 nonfarm jobs in May, the U.S. Labor Department said Friday. That was in line with forecasts of 215,000 jobs, although it fell short of the sharp rise in payroll gains the previous month, when payrolls grew by a revised 282,000. The nation's unemployment rate held steady at 6.3 percent.
The labor market, which has added an average of 197,000 jobs over the past 12 months, has not achieved the kind of lift-off in 2014 seen after previous recessions. But the labor market has improved steadily this year after getting a slow start due to the harsh winter weather that afflicted much of the U.S.
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QUESTION!! What states produced the jobs?
Texas and N. Dakota provided the bulk, I’m sure.
So how many million mysteriously dropped off the charts this month to keep the unemployment number steady in an economy with a contracting GDP??
\ \ \ \ \/\ <-- Woohoo, the economy is improving !!! \ \ \
--according to the press. The numbers actually say that population and unemployment increased more than employment while the labor force shrunk.
It appears the largest change, is the “Not in Labor Force” number.
That single number increased in the last year, more than any other you posted.
MAY.......MEMORIAL DAY..... BEGINNING OF SUMMER TRAVEL / VACATION SEASON....... TEMPORARY SUMMER JOBS.
Mainstream media, happily shoveling manure for Obama.