Skip to comments.Job growth seen stepping up in May (probably)
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 ...
Didn’t exactly turn out that way, did it? I wonder what economists they talked to?
“I wonder what economists they talked to?”
All graduates of the Tim Geitner School of Finance.
The same economists Obama is always referring to when he says, "most economists agree with my economic agenda".
Reuters your making the shade of Goebbels blush.
Expect the unexpected.
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.
Favorable speculation is the only way they can get a positive headline. Reuters takes One for the One.
In Texas we have a word for this: FAIL.
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.
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?
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.
Welcome to “The Summer of Recovery”.
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.
The North American European economy took a step back.
Patrick answered, "4.7%".
Kind of renders the "47th out of 50" talking point meaningless, if you ask me.
A desperate attempt to put lipstick on a pig.
Bullshit! The only jobs will be Government jobs and to get one of these obama will have to be your god.