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Job growth seen stepping up in May (probably)
Reuters via Yahoo ^ | May 31, 2012 | Lucia Mutikani

Posted on 06/01/2012 6:42:45 AM PDT by Rennes Templar

WASHINGTON (Reuters) - Jobs growth probably snapped back in May from weather-related distortions that had slowed hiring, suggesting the economy was still expanding moderately despite strong headwinds from Europe.

Employers probably created 150,000 jobs last month, according to a Reuters survey of economists, after generating a paltry 115,000 positions in April - the fewest in six months.

That would bring nonfarm employment growth closer to its 176,000 a month average of the past three months and temper fears that economic activity could be stagnating. "The labor market is getting better, but the glass is still half empty. I think a big part of the weather and seasonal issues that have been weighing on the jobs numbers is now behind us," said Harm Bandholz, chief U.S. economist at UniCredit Research in New York.

Unseasonably warm weather brought forward hiring into the winter months, causing the labor market's recovery to take a step back in March and April.

If the forecasts are accurate, the government's jobs report on Friday could shore up confidence that has been shaken by a raft of soft regional factory surveys and a worsening of the debt crisis in Europe.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Extended News; News/Current Events
KEYWORDS:
Best spin job on the economy I've ever seen.
1 posted on 06/01/2012 6:42:49 AM PDT by Rennes Templar
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To: Rennes Templar

Didn’t exactly turn out that way, did it? I wonder what economists they talked to?


2 posted on 06/01/2012 6:45:37 AM PDT by popdonnelly (Socialism isn't going to work this time, either.)
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To: Rennes Templar
WASHINGTON (Reuters) - Jobs growth probably snapped back in May from weather-related distortions that had slowed hiring, suggesting the economy was still expanding moderately despite strong headwinds from Europe.


3 posted on 06/01/2012 6:46:27 AM PDT by Roccus
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To: popdonnelly

“I wonder what economists they talked to?”

All graduates of the Tim Geitner School of Finance.


4 posted on 06/01/2012 6:50:22 AM PDT by Rennes Templar (No matter how cynical you get, it's never enough to keep up.)
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To: popdonnelly
"I wonder what economists they talked to?"

The same economists Obama is always referring to when he says, "most economists agree with my economic agenda".

5 posted on 06/01/2012 6:51:44 AM PDT by circlecity
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To: Rennes Templar

Reuters your making the shade of Goebbels blush.


6 posted on 06/01/2012 6:52:08 AM PDT by Timocrat (Ingnorantia non excusat)
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To: Rennes Templar

Expect the unexpected.


7 posted on 06/01/2012 6:52:18 AM PDT by rogue yam
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To: Rennes Templar

Kramer said this morning that Mitt Romney’s grin is visible from space today. Who writes these “probably” stories? The actual numbers were a disaster and the market is plummeting. They were saying this morning there is not a single positive number in today’s report, that we are entering a slowdown.


8 posted on 06/01/2012 6:52:46 AM PDT by Williams (No Obama)
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To: rogue yam

Favorable speculation is the only way they can get a positive headline. Reuters takes One for the One.


9 posted on 06/01/2012 6:54:43 AM PDT by chiller (Elect another batch of TPartiers and it won't matter which R we elect. WE will lead.)
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To: Rennes Templar
The article was posted about 9 hours ago, as the reporter attempted to "prime the pump" for good news on the jobs front.

In Texas we have a word for this: FAIL.

10 posted on 06/01/2012 6:54:56 AM PDT by TexasNative2000 (Jimmy Carter's incompetence + Richard Nixon's paranoia = Barack Obama)
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To: Rennes Templar

Reuters:

If it weren’t for (this and this ..... ‘list of 100 reasons’ anything but Dems/Obama’s fault),

job growth ticking upwards and we see a healthy recovery.


11 posted on 06/01/2012 6:56:41 AM PDT by Sir Napsalot (Pravda + Useful Idiots = CCCP; JournOList + Useful Idiots = DopeyChangey!)
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To: Rennes Templar
Massachusetts: NOTE: I don't live in or near Massachusetts.

When Romney was governor, out of the 57 states mentioned by Obama, what was Massachusetts position as far as the unemployment rate?

4 to 5% unemployment? I read or heard somewhere that when Romney was Governor, the Massachusetts unemployment rate was 4 to 5%.

If that is true, where did that rate place Massachusetts among all 57 states? Was it at the bottom or near the top?

Thanks.

12 posted on 06/01/2012 7:03:32 AM PDT by john mirse
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To: Rennes Templar

As I’m reading this, I am also reading another thread stating that just 69,000 new jobs were added and the unemployment rate is up to 8.2 percent.


13 posted on 06/01/2012 7:06:11 AM PDT by CharacterCounts (A vote for the lesser of two evils only insures the triumph of evil.)
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To: CharacterCounts

Welcome to “The Summer of Recovery”.


14 posted on 06/01/2012 7:09:26 AM PDT by csmusaret (I will give Obama credit for one thing- he is living proof that familiarity breeds contempt.)
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To: Rennes Templar

Probably.


15 posted on 06/01/2012 7:10:45 AM PDT by tiki
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To: Rennes Templar

Same page of FR, headline from today’s LA Times “Economy adds a disappointing 69,000 jobs in May”. The Reuters article must have been done by Elizabeth Warren’s genealogist who “discovered” she is 1/32 Indian and later recanted.


16 posted on 06/01/2012 7:14:13 AM PDT by laconic
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To: Rennes Templar

The North American European economy took a step back.


17 posted on 06/01/2012 7:14:36 AM PDT by alrea
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To: john mirse
I couldn't believe it: Mike Barnicle zinged Deval Patrick yesterday on Morning Joe. After several minutes of discussing Romney's record as governor, Mike asked, "what was the UE rate in MA at the end of Romney's term?"

Patrick answered, "4.7%".

Kind of renders the "47th out of 50" talking point meaningless, if you ask me.

18 posted on 06/01/2012 7:17:02 AM PDT by Night Hides Not (My dream ticket for 2012 is John Galt & Dagny Taggart!)
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To: CharacterCounts

A desperate attempt to put lipstick on a pig.


19 posted on 06/01/2012 7:17:40 AM PDT by Rennes Templar (No matter how cynical you get, it's never enough to keep up.)
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To: Rennes Templar

Bullshit! The only jobs will be Government jobs and to get one of these obama will have to be your god.


20 posted on 06/01/2012 7:18:30 AM PDT by sport
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To: john mirse

Good question, I don’t know.


21 posted on 06/01/2012 7:18:48 AM PDT by Rennes Templar (No matter how cynical you get, it's never enough to keep up.)
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To: tiki
They expected the UE rate to probably go down; then when it unexpectedly went up, they probably expected there was some unexpected improbable cause.
22 posted on 06/01/2012 7:24:33 AM PDT by Rennes Templar (No matter how cynical you get, it's never enough to keep up.)
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To: Rennes Templar
Job growth seen stepping up in May (probably)

0bama's boys must be "all wee weed up"!

23 posted on 06/01/2012 8:15:30 AM PDT by The Sons of Liberty (Sworn to Defend The Constitution Against ALL Enemies, Foreign and Domestic. So Help Me GOD!)
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To: Rennes Templar
Best spin job on the economy I've ever seen.

They don't call them "Rooters" for nothing (porcine undertone intended). If Romney takes office, look for them to go negative, big-time.

24 posted on 06/01/2012 8:51:53 AM PDT by Carry_Okie (There has not been a conservative American government for 90 years.)
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To: popdonnelly
I wonder what economists they talked to?

Jay Carney

25 posted on 06/01/2012 9:25:00 AM PDT by douginthearmy (Obamagebra: 1 job + 1 hope + 1 change = 0 jobs + 0 hope)
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To: Rennes Templar

This faux reporter and her faux news agency must have conducted their interviews in their Lesbian/Gay hot tub while drugged out of their minds.

The reality doesn’t come close to their wet dream$:

U.S. economy adds a disappointing 69,000 jobs in May

Friday, June 01, 2012 6:23:15 AM · by Oldeconomybuyer · 18 replies
Los Angeles Times ^ | June 1, 2012

U.S. employers created 69,000 jobs in May, the fewest in a year, and the unemployment rate ticked up. The dismal jobs figures could fan fears that the economy is sputtering. The unemployment rate rose to 8.2 percent from 8.1 percent in April, the first increase in 11 months. The Labor Department also says the economy created far fewer jobs in the previous two months than first thought. It revised those figures down to show 49,000 fewer jobs created. Weak job growth could damage President Barack Obama’s reelection prospects.


26 posted on 06/01/2012 9:32:46 AM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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To: Grampa Dave

They are living in some surreal, parallel universe.


27 posted on 06/01/2012 10:07:32 AM PDT by Rennes Templar (No matter how cynical you get, it's never enough to keep up.)
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