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Jobless Rate Rises as Pace of Hiring Slows
The Wall Street Journal ^ | 06/03/11 | Luca DiLeo

Posted on 06/03/2011 6:22:39 AM PDT by TonyInOhio

WASHINGTON—U.S. hiring slowed dramatically in May and the unemployment rate kept rising, adding to concerns the jobs market will take years to heal as the economy remains weak.

Nonfarm payrolls rose by 54,000 last month as the private sector posted the smallest jobs gain in nearly a year, the Labor Department said Friday in its survey of employers. Payrolls data for the previous two months were revised down by a total 39,000 to show increases of 232,000 jobs in April and 194,000 in March.

The jobless rate, which is obtained from a separate household survey, unexpectedly rose to 9.1% in May from 9.0% in April. There are almost 13.9 million Americans who would like to work but can't get a job.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Front Page News; Politics/Elections
KEYWORDS: economy; employment; jobs; obama; obamanomics; unemployment
Hoover was doing a better job at this point in his term.
1 posted on 06/03/2011 6:22:46 AM PDT by TonyInOhio
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To: TonyInOhio
Jobless Rate Rises as Pace of Hiring Slows .

Unexpectedly, of course.

2 posted on 06/03/2011 6:24:17 AM PDT by Rummyfan (Iraq: it's not about Iraq anymore, it's about the USA!)
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To: TonyInOhio

Obama lied. Jobs died.

Unexpected my a$$


3 posted on 06/03/2011 6:24:17 AM PDT by cableguymn
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To: TonyInOhio

4 posted on 06/03/2011 6:25:29 AM PDT by nhwingut (Palin '12... Accept No Other)
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To: TonyInOhio

Could we expect another Malaise Speech, soon?

Or would that be unexpected?


5 posted on 06/03/2011 6:25:57 AM PDT by RangerM
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To: TonyInOhio

Not a good way to start another “summer of recovery”.


6 posted on 06/03/2011 6:26:28 AM PDT by Rennes Templar
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To: TonyInOhio
Heck of a good job, Barry.
7 posted on 06/03/2011 6:27:31 AM PDT by JPG (Sarah Palin, driving the MSM crazy one day at a time.)
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To: TonyInOhio

48% of those living in this country strongly approve of this news!


8 posted on 06/03/2011 6:28:06 AM PDT by FlingWingFlyer ("...that they are endowed by their Creator with certain unalienable Rights,..")
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To: TonyInOhio

Worst economy since US Grant and the Panic of 1873.


9 posted on 06/03/2011 6:28:17 AM PDT by ClearCase_guy (The USSR spent itself into bankruptcy and collapsed -- and aren't we on the same path now?)
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To: TonyInOhio

And for those of us in the real world, another vaccuous headlines where the word “unexpectedly” should be replaced with “as intended”...


10 posted on 06/03/2011 6:29:35 AM PDT by Common Sense 101
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To: FlingWingFlyer
48% of those living in this country strongly approve of this news!

Which is still pretty amazing.
11 posted on 06/03/2011 6:30:22 AM PDT by nhwingut (Palin '12... Accept No Other)
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To: TonyInOhio

The BLS has dropped 2 million people- statistically- out of the labor force in the last year.

Getting harder to fudge the numbers...


12 posted on 06/03/2011 6:31:29 AM PDT by mrsmith
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To: Rennes Templar
Not a good way to start another “summer of recovery”.

Isn't this like the third summer of recovery? Still not working!

13 posted on 06/03/2011 6:32:29 AM PDT by Bushbacker1 (I miss President Bush greatly! Palin in 2012! 2012 - The End Of An Error! (Oathkeeper))
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To: TonyInOhio

check out zerohedge...

Birth/Death Adjustment+ 206,000!

From zerohedge.com
Take away the Birth/Death adjustment of 206,000 and the Real NFP is: -150,000. This is the biggest monthly B/D adjustment in over a year. And if as all the pundit claimed last month, demanding the McDonalds addition of 62,000 janitorial, part-time jobs be added to the May number, the economy really lost over 200,000 in May. Time to price in QE 666.


14 posted on 06/03/2011 6:34:01 AM PDT by griswold3 (Character is destiny)
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To: TonyInOhio

A ham sandwich would be doing better at this point. Idiocy is not learning from history and expecting a different result. And that Carnie-man WH spokesman is out there trying to spin it this a.m....and you guessed it, blaming it on the ‘inherited’ factor. No trillion $$ porkulus, trillion $$ healthcare, overegulation, not allowing Boeing to build a plan in another state, no drilling, high gas prices choking off any semblance of a beginning to recovery, Chevy Volts, solar and big rail spening projects, rising food prices. They have no idea what to do. Funny how the markets waited until 6/1 to start getting real. I’ll bet the hedgies have been building their short positions for weeks.


15 posted on 06/03/2011 6:34:10 AM PDT by SueRae (I can see November 2012 from my HOUSE!!!!!!!!)
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To: Rummyfan

Were we “expecting” this unexpected development, or did it occur “unexpectedly” as the press described every other piece of bad economic news this month?


16 posted on 06/03/2011 6:34:22 AM PDT by laconic
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To: TonyInOhio

the fact that raising taxes on individuals and S-corps making over $250K is on the table as the Democrat preferred solution has absolutely NOTHING to do with this I’m sure! /sarc


17 posted on 06/03/2011 6:34:44 AM PDT by Buckeye McFrog
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To: FlingWingFlyer

“48% of those living in this country strongly approve of this news!”

For some it doesn’t matter if there is misery, as long as everyone is miserable. It’s only fair.


18 posted on 06/03/2011 6:48:12 AM PDT by pieceofthepuzzle
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To: TonyInOhio

Time to prime the pump again with QE3!

Summer of Wreckovery III!


19 posted on 06/03/2011 6:52:06 AM PDT by PogySailor (The ruling class will not go down easily. And neither will their paid hacks.)
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To: FlingWingFlyer
48% of those living in this country strongly approve of this news!

More like 50%+ still approve. Quite frankly, it really may be too late for this country. What passes for the "American people" is now so diluted with minority groups that vote based only on identity and victim politics that Obama's absolute base of support is almost enough for him to win.

Additionally, the US is now American Idol nation. Celebrity worship is now the rule, not the exception. The media and entertainment industry who slobber all over Obama have turned him into a cultural icon. Unfortunately, defeating Hussein's ideas are no longer enough, we have to actually beat the idea of Obama - and that just may not be possible no matter how bad the economy sinks.

20 posted on 06/03/2011 6:58:08 AM PDT by Longbow1969
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To: TonyInOhio
I stopped believing government statistics a long time ago. "Real" unemployment percentage depends on how you define "real".

When you give unemployed people the hammock of food stamps, extended unemployment, retraining, etc. you skew the "real" stats even more.

Under my definition of unemployment, the US is probably closer to 20% than 10% right now. This will get worse as Obamanomics really kicks in. The monetary situation is headed for disaster in the next 18 months. Hussein will not survive the economic tsunami that is coming.

21 posted on 06/03/2011 7:23:17 AM PDT by Former Proud Canadian (Slugs and Bitter Clingers Unite.)
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To: TonyInOhio

Laser-Like Focus on Jobs since when? 2009?


22 posted on 06/03/2011 7:23:18 AM PDT by Bloodclot
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To: ClearCase_guy

That’s going back some.


23 posted on 06/03/2011 7:48:50 AM PDT by AceMineral (World peace is the hog slop of philosophy.)
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To: TonyInOhio
No American president since Franklin Delano Roosevelt has won a second term in office when the unemployment rate on Election Day topped 7.2 percent.
24 posted on 06/03/2011 8:21:42 AM PDT by Deo volente (God willing, America will survive this Obamination.)
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To: Bloodclot

Ah ..the destruction of the United States is coming along quite nicely. Such great Progress!


25 posted on 06/03/2011 11:58:09 AM PDT by LibsRJerks
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To: RangerM

We can probably expect an all-out attack on another Muslim country as a distraction; apparently there is no downside at the polls, and a lot of potential upside, to bombing Muslims. People were starting to believe Obama was American after bin Laden was killed; they have to keep that momentum going.


26 posted on 06/03/2011 1:09:29 PM PDT by kearnyirish2
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