Job growth slows to 54,000 in May, rate up to 9.1%

Marketwatch ^ | 6.3.11 | Greg Robb

[Free Vulcan]

WASHINGTON (MarketWatch) -- Job growth decelerated sharply in May, the Labor Department said Friday. Total nonfarm payrolls increased by 54,000, much lower than the 125,000 gain expected by Wall Street economists. This is the smallest increase in nonfarm payroll since September. The unemployment rate ticked higher 9.1% in May from 9.0% in the previous month.

[ding_dong_daddy_from_dumas]

The question is.......were they lying before or are they lying now.

Both. Always.

[ilovesarah2012]

Is it wrong of me to smile at this news? It seems selfish to want the economy to be really bad for 2012 but that is the way I feel. Anything that hurts Obama.

[apillar]

Anybody want to guess how long it will be before the Obama administration trots out Geitner to say all the bad economic news is the fault of house Republicans because they will not pass a clean vote to raise the debt ceiling? (he’s starting to sound like that old guy the keeps predicting the end of the world). Also, if you need a good laugh, some democrats are seriously pushing a Porkulus II, claiming the downturn is based on the first Porkulus wearing off.

[BobinIL]

It’s not so much food stamps anymore but its Link cards. Stay the heck away from Wal-Mart on the first of the month when the Link cards get recharged because it looks like a 3rd world country in there. That’s exactly how the current administration wants it.

[scooby321]

I am sure it will be revised downward.

[DTogo]

Mordor on the Potomac...

[TomGuy]

Seriously, it is now time for the Democrat Party to take some very serious action and force POTUS Obama out of office

Rush L was talking yesterday about the seeming change in the MSM and their reporting as if they are tired of carrying water for Obama.

If the numbers continue to be bad, I wonder whether some of the MSM's recent turn is signalling Team Obama that they could be losing both MSM and DNC support. Could it be a signal that they are telling Team Obama to demonstrate more serious concern about the economy or they will find a way to dump him [feigned illness or some such] and look for another candidate?

Both the MSM and DNC are having a difficult time continuing to support Obama.

The economy could be Obama's Vietnam -- forcing him out by his own party [shades of LBJ] after one term in hopes of cutting their loss. [Is Hillary secretly tuning up as a potential replacement candidate?]

[Free Vulcan]

Expanded followup article:

http://www.marketwatch.com/story/job-growth-slows-to-54000-in-may-rate-up-to-91-2011-06-03

[algernonpj]

Here’s the really good part:

The BLS collects two sets of data: payroll and household.

The 54,000 figure is from payroll data which has been adjusted by the Birth and Death model by +206,000.

[The Birth and Death model is a statistical tool used to guesstimate the number of jobs created by the birth and death of businesses. For example last month’s +244,000 had been adjusted by +175,000.]

[bert]

-——Unemployment: The New Norm-——

Not necessarily because there is a very large but unstated factor in the real total. The factor id illegal workers. If the administration would do it’s job, it would hold a massive crackdown and purge. The illegals would be either carried away or forced to flee.

The resultant jobs freed up will drastically lower the unemployment rate.

[libertarian27]

How many of these 54,000 jobs are full time?

(If someone gets a job for 6 hours a week - are they counted in that number? - anyone know?)

[abb]

I would suggest the extended unemployment benefits are more to blame.

[Recovering_Democrat]

Bush’s fault.

[SueRae]

EXPECTED. I think all of us EXPECTED this news. Thanks Obama voters.

[TomGuy]

from The Commissioner's statement:

I would note that the severe weather, including tornadoes and flooding, in the Midwest and the South did not materially affect data collection for either the payroll or household survey. In addition, while there is no question that some workers in the devastated communities may have been at least temporarily displaced from their jobs, we found no clear impact of the disasters on the national employment and unemployment data for May. In order for these events to have affected payroll employment, people would have had to have been off work for an entire pay period and not paid for the time missed. In the household survey, people who missed work for weather-related events were counted as employed whether or not they were paid for the time off. There will be state and local area estimates available later in the month.

Wait until the June figures are released in early July. Bad weather damage will have a significant impact on the numbers.

[SpaceBar]

McDonald’s + 4000

[ilgipper]

As these terrible numbers have been coming out during the last week, I noticed a slight change in the media coverage. Instead of 24/7 glowing reverence, I started to hear some real questions being asked about the obvious slowdown. Overall, they still hold up the One as some sort of deity among men, but there are some cracks starting to show.

I know they will be full-bore for Obama when the campaign is underway, but the voters are being impacted, and should respond favorably to a GOP campaign that goes around the media and speaks plainly about the real problems.

[Road Warrior ‘04]

Less than half of what had been EXPECTED! Yep, we're headed in the right direction.....sigh

[TSgt]

From NBC News last night:

What Recovery?
http://www.msnbc.msn.com/id/3032619/

“Bad sets of numbers that show real trouble still ahead.”

[wiggen]

No victory lap for Odumbo. I guess its back to golf and hoping for change.