Posted on 06/01/2012 5:33:07 AM PDT by NE Cons
The American jobs engine hit stall speed in May, with the economy adding just 69,000 new jobs while the unemployment rate climbed to 8.2 percent.
Photo: Sturti | Vetta | Getty Images --------------------------------------------------------------------------------
As another summertime swoon looms, the Bureau of Labor Statistics reported that job creation missed economist estimates for 158,000 new positions, and said labor force participation remains near 30-year lows though incrementally better than last month.
In May, stocks suffered through their worst month in two years, and the job-creation figures only added to the gloom.
Stock market futures indicated a sharply lower open for Wall Street, while investors continued to pour into bonds, sending the 10-year Treasury note yield tumbling to near 1.50 percent
The report comes a month after the government reported that just 115,000 new jobs were added in April, a number that helped contribute to a general malaise about economic growth.
With worries swelling over the state of the global economy, another weak employment report in the U.S. adds to fears that a sharp slowdown is on the way.
This is just a standard stump speech. POTUS Obozo says the buck stops... IN CONGRESS. What a maroon.
Lowest since 1941, in the months before Pearl Harbor, according to someone on CNBC.
What might it be predicting this time?
The DJIA rocketed downward today on reports of tens of thousands of new jobs created or saved by the PBO administration.
Awesome isn’t it? Love the way the media never challenged the regime on the creation of that new metric. Jobs created or saved. Wow
Thanks NE Cons.
U.S. stocks erase most of 2012 gains after jobs report
Yahoo
Posted on 06/01/2012 1:25:08 PM PDT by Sub-Driver
http://www.freerepublic.com/focus/news/2890461/posts
Solyndra — Symbol of Failure — new Romney Ad
mittromney | June 1, 2012 | Romney Campaign
Posted on 06/01/2012 11:42:04 AM PDT by Ernest_at_the_Beach
http://www.freerepublic.com/focus/news/2890414/posts
Nancy Reagan endorses Romney’s bid for president
Boston Globe | May 31, 2012 | AP
Posted on 05/31/2012 9:56:41 PM PDT by Innovative
http://www.freerepublic.com/focus/news/2890162/posts
Taxpayer-funded gun control gets huge foundation boost
The Examiner | 31 May, 2012 | Ron Arnold
Posted on 06/01/2012 5:41:30 AM PDT by marktwain
http://www.freerepublic.com/focus/news/2890246/posts
Soledad O’Brien should be in one of those front seats by O in that pic.
Just as well I guess. Seeing her too close up makes me ill.
Not that I’m perfect or anything.
I was in a pub on Saturday night. Had a few....
I noticed two large women by the bar.
They both had strong accents so I asked, Hey, are
you two ladies from Scotland ?
One of them chirped: Its WALES you friggin idiot!
So, I immediately apologized and said..., Sorry, are
you two whales from Scotland ?
Thats the last thing I remember...
Welll... that one was so abysmal that it became something of a national joke - I think even Biteme made a joke about it. Like Bush looking under the sofa for the WMD.
I don’t really buy the 8.2 number in the first place (I think it’s likely even higher), but I agree that things are looking grim. Double-dip may be on the way, and I don’t mean a campaign stop from Obama and Biden. :-)
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