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No Job Growth Apart From Government

From a surprisingly un-surprised Associated Press:

Economy adds 431K jobs but few in private sector

By Jeannine Aversa, AP Economics Writer

June 4, 2010

WASHINGTON – Job creation by private companies grew at the slowest pace of the year in May, even while the hiring of temporary census workers drove overall payrolls up 431,000. The unemployment rate dipped to 9.7 percent as many people gave up searching for work

Wow. This is one of the most accurate paragraphs about the federal unemployment numbers we have ever seen from the AP. What’s gotten into them?

Virtually all the job creation in May came from the hiring of 411,000 census workers. Such hiring peaked in May and will begin tailing off in June.

By contrast, hiring by private employers, the backbone of the economy, slowed sharply. They added just 41,000 jobs, down from 218,000 in April and the fewest since January

President Barack Obama acknowledged that temporary census jobs drove the overall payroll gain. But he said private sector hiring is growing. He noted five straight months of job gains after devastating losses from the recession. He said the recovery is still in its early stages, and that it will be uneven in the months ahead.

"Things never go completely in a smooth line," Obama said during a speech Friday. "This report is a sign that our economy is getting stronger by the day." …

Sure it is.

The unemployment rate, which is derived from a separate survey than the payroll figures, fell to 9.7 percent from 9.9 percent. The dip partly reflected 322,000 people leaving the labor force for a variety of reasons.

Don’t worry, it will be quietly revised up, later.

All told, 15 million people were unemployed in May.

Counting people who have given up looking for work and part-timers who would rather be working full time, the "underemployment" rate fell to 16.6 percent in May from 17.1 percent in April. That reflected fewer people forced into part-time work. Still, the high underemployment figure shows how difficult it is for jobseekers to find work.

The number of people out of work six months or longer reached 6.76 million in May, a new high. They made up 46 percent of all unemployed people, also a record high.

Employers across a range of industries last month added jobs at a slower pace — or cut them. Factories, professional and business services, leisure and hospitality companies, and education and health care firms all slowed hiring. Financial services, construction companies and retailers all pared jobs. Government, however, led the way in hiring, adding a whopping 390,000 positions last month

Which has actually been the case since the Democrats and Mr. Obama have taken over.

And, of course, it’s just the way they like it.

This article was posted by Steve on Friday, June 4th, 2010. Comments are currently closed.

5 Responses to “No Job Growth Apart From Government”

  1. proreason says:

    In the Moron’s mind, there is no economy except the government economy.

    So he’s very optimistic about it.

    He plans to keep hiring government workers until the country’s money runs out.

    He and his cronies will be fabulously rich by that time that happens, so don’t worry.

  2. BannedbytheTaliban says:

    “But he said private sector hiring is growing.”

    Obama must be huffing too many oil fumes down there on the gulf. Only Orwell’s ministry of truth could say “private sector hiring grew from 218,000 in April to 41,000 in May.”

    This guy is off his nut.

  3. untrainable says:

    When the census workers are all let go they will be ineligible for unemployment. They will not meet the critera to even apply for unemployment. Obama has taken all these people permenantly out of the unemployment calculations. I wonder how long it will be before Pelosi puts up a bill designed to give benefits to poor unemployed ex-census workers. How many billions of dollars will be spent to keep these people quiet after they’re fired? The regime can’t possibly deal with 1/2 million people falling off the government payroll all at once. They’ll blow some smoke about how much money they’re saving by cutting spending on the census. The incremental lie takes another step.

  4. MinnesotaRush says:

    “They added just 41,000 jobs, down from 218,000 in April ..”

    “DOWN”. I don’t think “down” does it justice. How ’bout “plummeting into the toilet”.

    Consider .. 41,000 jobs equals the 20,000 temp Gulf clean-up crew being hired and re-hired twice in a week equals 40,000; throw in the 1,000 slip and fall lawyers headed to the Gulf for their “jobs”, and voilla .. 41,000 jobs in o-blah-blah math.

  5. Tater Salad says:

    You are a failure Mr. President. Have YOU even bothered to understand what is going on in the United States………..between all your golfing and concerts every day?


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