Economy adds 431,000 jobs, of which 411,000 were Census workers
Posted by Bill Dupray
on Jun 4 2010 Filed under Business, News & Opinion.
You can follow any responses to this entry through the RSS 2.0.
You can leave a response or trackback to this entry
This of, course, is Obama’s phony way of claiming he is creating jobs. When you can hire 411,000 people to work for 6 weeks you are bound to look good for at least a month or two.
The U.S. economy added jobs in May at the fastest pace in a decade but the gains were inflated by temporary government hiring for the 2010 Census and weren’t enough to bring unemployment down much.
The U.S. Labor Department said nonfarm payrolls rose by 431,000 last month, the largest gain since March 2000. That followed an unrevised 290,000 increase in April.
Economists polled by Dow Jones Newswires were expecting payrolls to rise by an even higher 515,000.
Taking into account revisions to prior months, the U.S. economy added an average of nearly 200,000 jobs a month in the January-May period, a positive sign for the job market as it recover from the worst recession since the 1930s.
However, the May figure was boosted by the hiring of 411,000 temporary workers for the decennial count of the U.S. population. Only 41,000 private-sector jobs were added.
In a sobering reminder the labor market will take a long time to heal, the unemployment rate, which is calculated using a separate household survey, fell only moderately, to 9.7% in May from 9.9% the previous month. Economists were expecting it to drop to that level.
It is all a shell game people. The operative facts in the story are that the “experts” expected 515,000 new hires and that the private sector only added 41,000 new jobs. Since only private sector jobs actually help grow the economy, that is pretty pathetic.
Exit question: When the Census is completed, will all those workers be listed as newly unemployed?
Related Posts
- Census Bureau inflating employment numbers? Say it isn’t so, BHO!
- May payrolls: Toss the first 700,000 jobs
- Juicing The Jobs Numbers
- Full text: Cantor Remarks on Economy, Jobs, Deficit
- Government Flubs Census, Health Care Next
Short URL: http://libertypundits.net/?p=17112
[...] This post was mentioned on Twitter by Clyde Middleton and Clyde Middleton, Concerned Citizen. Concerned Citizen said: Liberty Pundits: Economy adds 431,000 jobs, of which 411,000 were Census workers: This of, course, is Obama’s phon… http://bit.ly/acQSYn [...]
[...] which only dragged in future demand, after which car sales dropped again. Then today we learned that employment grew by 431,000, of which 411,000 were temporary Census jobs. Expect a big drop off [...]
[...] which only dragged in future demand, after which car sales dropped again. Then yesterday we learned that employment grew by 431,000, of which 411,000 were temporary Census jobs. Expect a big drop off [...]