Skip to comments.Non-Farm Payrolls 6/4: OUCH (Chart worth seeing)
Posted on 06/04/2010 7:32:25 AM PDT by combat_boots
"I told you so"
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).
Non-Farm Payrolls So much for the "strong" (+200,000) private sector job growth that everyone was expecting.
The futures reaction was instantaneous and violent - southbound.
There has never been a so-called "V-shaped" recovery where we only managed to add 40,000 jobs. Oh, and of that "+40,000" about five times as many were fictional jobs created by the "birth-death" model in the establishment survey. I ignore that survey in my tracking for the simple reason that the government can (and does) basically add whatever it wants to print in their "black box" and proves up nothing on it - nor does it expose its methodology.
(Excerpt) Read more at market-ticker.org ...
so, in other words, I have been right for the past year?
How can the American public look at these charts and not note the correlation between the Democrat takeover of Congress in 2006 and the plummet in the economy?
Hard to see with blinders on...
I did try three times. Must be tired or something, as it wouldn’t show up, so I must have my syntax wrong this morning. Too many late nights working, etc. Apologies.
I’m just in a bad mood. I do like my data delivered graphically though.
Me, too. I did want the chart posted though, so thanks. There’s another one at the article link, too.
bohama would just say that the chart is upside down.