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Total nonfarm payroll employment grew by 431,000 in May, reflecting the hiring of 411,000 temporary employees to work on Census 2010, the U.S. Bureau of Labor Statistics reported today. Private-sector employment changed little (+41,000). Manufacturing, temporary help services, and mining added jobs, while construction employment declined.
The unemployment rate edged down to 9.7 percent.
So private sector hiring dropped dramatically from last month.
Quote:
The change in total nonfarm payroll employment for March was revised from +230,000 to +208,000, while the change for April remained at +290,000.
When one is hoping for demise, I guess "little change" of +41,000 is a dramatic drop?
I know it's hard to get around the facts.
March and April had modest private sector gains and then May dips down to basically a wash, that is NOT what one would want to see in a fragile recovery.
Really, really BAD news.
I wonder if AP/News by reporting the figures is also hoping for "demise".
So just the act of reporting these figures is upsetting to you?
March and April had modest private sector gains and then May dips down to basically a wash, that is NOT what one would want to see in a fragile recovery.
Really, really BAD news.
I wonder if AP/News by reporting the figures is also hoping for "demise".
So just the act of reporting these figures is upsetting to you?
No, reporting them is fine, reveling in them .......?
No, reporting them is fine, reveling in them .......?
I don't see any joyous words of celebration in the o.p.
Could you point them out for us?
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