BREAKING: U.S. added 430,000 jobs in May; unemployment rate dips to 9.7%

[aka:PBS]

jefferson_dem (1000+ posts) Fri Jun-04-10 08:32 AM
Original message
BREAKING: U.S. added 430,000 jobs in May; unemployment rate dips to 9.7%
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Edited on Fri Jun-04-10 08:43 AM by jefferson_dem
The economy adds 431,000 jobs in May, but 411,000 are Census workers; unemployment rate falls to 9.7%, government says.

http://money.cnn.com /

http://www.democraticunderground.com...mesg_id=325850

Ooooh boy!! Lets start celebrating:

vaberella (1000+ posts) Fri Jun-04-10 08:34 AM
Response to Original message
1. Good stuff. Little, by little. The economy is getting better.

But.............as usual....the celebration is short lived:

Clio the Leo (1000+ posts) Fri Jun-04-10 08:34 AM
Response to Original message
2. 411,000 were census workers....
.... important to keep in mind as we compare to NEXT month's numbers, which likely wont be this high.

http://twitter.com/WestWingReport/status/15412201334

AllentownJake (1000+ posts) Sat Jun-05-10 07:54 AM
Response to Original message
27. This report was a disaster
Edited on Sat Jun-05-10 07:56 AM by AllentownJake
Everyone know the report is a disaster. Even with the games they play they couldn't make this report look prettier. It was fucking awful.

If you subtract out the Census workers you are left with around 40,000 jobs. If you take out the Birth/Death model you go negative.

We are now 5 months out of a supposed 5% increase in GDP. These numbers are fucking awful in that time frame.

Lagging indicator spewers are now scratching their head in what is going on.

The only reason it went to 9.7% is they subtracted people from the labor pool. Statistically disapearing people once again.

The fact that this awful report has 12 recs shows the IQ level on this site right now.

[AmPat]

I suppose in Libertardia, that fantasy world where clueless morons assemble to gather the Cheetos that rain down from the sky, a .2% drop in unemployment by creating government jobs is ample reason to strap on their goatskin leggings and dance around a bonfire. The growth of government being akin to cancer notwithstanding.

[lacarnut]

Has AllentownJake got banned yet?

Wait till those part time census jobs go away in the next couple of months. Wonder how OhDumber and the Democraps will spin it. They just throw shit out there; however, the voters have figured it out. It still smells and looks like crap. No pie for you.

[hoplophobe]

Has AllentownJake got banned yet?

Wait till those part time census jobs go away in the next couple of months. Wonder how OhDumber and the Democraps will spin it. They just throw shit out there; however, the voters have figured it out. It still smells and looks like crap. No pie for you.

You assume they will be fired.

When Prohibition ended there were a lot of revenuers who were going to be out of work until the gov decided certain firearms needed to be taxed and they needed people to collect those taxes. I see the same thing happening with the census workers.

gov: No more census? Hell, we got all these people on the gov payroll. We could use them for voter registration and community out reach programs.