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 ...
Good question, I don’t know.
0bama's boys must be "all wee weed up"!
They don't call them "Rooters" for nothing (porcine undertone intended). If Romney takes office, look for them to go negative, big-time.
Jay Carney
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.
They are living in some surreal, parallel universe.
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