Of course it MUST be due to all those jobs saved due to the “stimulus.” /s
Let’s see what happens in the next 4 weeks. The second fiscal quarter just ended June 30. As the bean counters tally the damage, layoffs may pick up pace again.
The term ‘after seasonal adjustments’ is the operative term here. The REAL number was bad, but they used the fact that auto workers who are usually laid off about now as plants retool were already laid off two months ago to make the ‘adjusted’ number look not so bad.
If Bush’s labor dept tried these tricks he would be abused by the MSM for massaging the numbers.