Payrolls Huge Miss: Only 38,000 Jobs Added In May; Worst Since September 2010 (gold price soaring)

Zero Hedge ^ | June 3, 2016

[grey_whiskers]

I’m waiting for Hillary, Bernie, and the Bamster to put their arms around each other and start singing in chorus about how it’s all those hoarders and saboteurs...

[massmike]

[TruthInThoughtWordAndDeed]

"Pretty soon the Obungo acolytes won’t report the number of new jobs - they’ll read the names of those who got them name of the one who got one. Shouldn’t take all that long"

There. Fixed it.

[TomGuy]

Obama is trying to keep silent the real numbers that show how disasterous his economy has been. He wants to hold until January 21, at which time, the real economy will become the next (probably Republican) president’s problem. And, of course, the compliant sycophant media is go right along and start blaming the new president.

History might not be so kind to Obama, however.

[Chaguito]

All being set up for a collapse in the first or second year of Trump’s presidency, so he will get the blame. That’s why the DNC is allowing Hillary to mail in her campaign. They want to lose.

[null and void]

Gold is soaring, eh?

Fortunately, using my obama chart translator, it's clear silver is dropping...

[trebb]

Obama says you're stupid if you don't believe the economy is booming.

Trump says you're stupid if you listen to Obama and the rest because the economy sucks.

Who to believe...who to believe.....

Glad that Obama went on the attack so Trump could declare open season on him.....

[griswold3]

I can see Green Shoots from here!

[Deo volente]

Remember when Biden predicted 500,000 new jobs each month?

Those were the good old days!

[ConservativeMind]

Great point.

[okie01]

They believe a part time job is being employed. They believe unemployed is just fine and dandy.

Pelosi believes that being without a job constitutes the freedom to follow one's muse and become an artist.

In her view, being jobless is "a good thing".

[NohSpinZone]

Not that this will stop Obummer from doing victory laps around the country about his economic record. The most clueless PoS to ever occupy that office. At least Carter had the good sense to know when things were going bad with his “malaise in the country” speech.

[Chgogal]

You are back on the econ issues! Welcome! : )

I missed your comments.

[NormsRevenge]

Obammy’s Xformation is even more successful than he could have ever hoped for.

[Chgogal]

Hmmmmm, I think the Green Shoots you are seeing are WEEDS, and not the good kind. ; )

[Chgogal]

Nah, he only sees important stuff in the newspapers, like us regular folks. /s

[TexasGator]

“(gold price soaring)”

It’s all relative. Still down a lot from May 1.

Down BIG since high.

[mj1234]

Does anyone know if bush or Clinton had this
many people “disappearing” from the labor market?

with the Job market disappearing - should not the fed
re-valuate the actual unemployment rate?

maybe I am just thick brained by this - terrible jobs report BUT 500,000 Disappear from EVER getting a job, and the rate goes down??!!

I guess I should take out a school loan and go take an
O’bummer economic class

[Colinsky]

He wants to hold until January 21, at which time, the real economy will become the next (probably Republican) president’s problem.

Don't forget the Homeless Crisis, which is always invisible in the mainstream media during a Democrat administration and will roar into full-throated life under a Republican.

[Starboard]

I can see Green Shoots from here!

****************

Can Goldilocks be far away? lol