Where is Chris?...May Jobs "Growth" plummets

Discussion in 'Economy' started by iamwhatiseem, Jun 1, 2012.

  1. iamwhatiseem
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    iamwhatiseem Gold Member

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    Strange - Chris normally makes at least 20 threads about Jobs Growth...hmm...hasn't made any about April and May...wonder why??
     

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  2. Trajan
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    Trajan conscientia mille testes

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    come on Iam. we know why. ;)

    anyway, welcome to the sequels sequel, Summer of Recovery III


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    Updated June 1, 2012, 9:13 a.m. ET

    U.S. Jobs Growth Slowed Sharply in May
    Payrolls Rise by Just 69,000; Jobless Rate Ticks Up to 8.2%

    WASHINGTON—U.S. job growth slowed sharply in May, the latest indication that the economy has lost momentum.

    Nonfarm payrolls grew by a 69,000 last month, the Labor Department said Friday, the smallest gain in a year. The unemployment rate, obtained by a separate survey of U.S. households, ticked one-tenth of a percentage point higher to 8.2%, the first increase in nearly a year.

    Economists surveyed by Dow Jones Newswires expected a gain of 155,000 in payrolls and for the jobless rate to remain at 8.1% in May.

    Compounding an already weak report, March and April payroll gains were revised down. Nonfarm payrolls increased by 77,000 in April, compared with the previously reported 115,000, and March payrolls grew by 143,000 versus a previously reported 154,000.

    more at-

    http://online.wsj.com/article/SB100...0023931752902.html?KEYWORDS=unemployment+rate
     
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  3. Trajan
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    Trajan conscientia mille testes

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    oh and hey get a load of this, Edthecynic says that a major factor as to why the labor force participation rate is down is due to retirees leaving the work force ............and when I ask him why the jobs being filled by new workers after the retirees leave is not counted as job created in the employment figures he won't answer me......so this month, how many retirees left the work force? god knows....:lol:
     
  4. Truthmatters
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    your joy is palpable
     
  5. Truthmatters
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    Did you know Bush presided over 6 1/2 years of a down market?
     
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    the right seemed to defend that record as I recall
     
  7. itfitzme
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    itfitzme VIP Member

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    Why would they be counted as created jobs?
     
  8. iamwhatiseem
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    iamwhatiseem Gold Member

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    I am posting...
     
  9. iamwhatiseem
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    iamwhatiseem Gold Member

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    like Truthmatters...
     
  10. iamwhatiseem
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    iamwhatiseem Gold Member

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    Just in case...
     

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