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US Creates 69,000 New Jobs, Unemployment Rate 8.2% (Up from 8.1%)
CNBC.COM ^ | 6/1/12 | Jeff Cox

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.


TOPICS: Breaking News; Politics/Elections
KEYWORDS: pathetic
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To: LRoggy
ANYONE who votes for this clown again needs to be lobotimized

Impossible!!! They already WERE lobotomized!

41 posted on 06/01/2012 5:52:01 AM PDT by ScottinVA (Buying Drain-O requires photo I.D... yet voting doesn't???)
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To: Charles Henrickson

The DUmmies are bummed out by this latest report.


42 posted on 06/01/2012 5:53:07 AM PDT by PJ-Comix
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To: F15Eagle

EXCELLENT! Love it


43 posted on 06/01/2012 5:53:23 AM PDT by NE Cons (Huge Palin Fan. Was a Hard-Core Perry supporter. Now Hard-Core ABO)
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To: ScottinVA
Nothing will change until after the election...TJ Rogers said it on Kudlow business is not going to invest until Obama is gone...2012 or 2016...
44 posted on 06/01/2012 5:53:53 AM PDT by Hojczyk
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To: NE Cons
JimPethokoukis: Recession Watch: When you have a year of sub-2% GDP growth like in 2011, recession follows within a year 70% of time
45 posted on 06/01/2012 5:54:25 AM PDT by TonyInOhio (The dice are on the table. It is hot in Suez.)
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To: NE Cons

pretty dismal.

I’m happy because it means Obama is going to be down in the polls, but unhappy for what it means to people looking for work.


46 posted on 06/01/2012 5:54:43 AM PDT by babble-on
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To: NE Cons

President Trayvon should lobby to re-open all those “Polish Death Camps” so that all the unemployed “corpse men” can get back to work!


47 posted on 06/01/2012 5:55:28 AM PDT by Lovely-Day-For-A-Guinness (Eenie meanie, chili beanie, the spirits are about to speak....)
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To: NE Cons

ABO DAMNIT!

This country is going to implode if this freakshow continues any longer.


48 posted on 06/01/2012 5:55:52 AM PDT by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: TonyInOhio
Jonah Goldberg: Obama responds to jobs numbers: This just shows the GOP war on women and birth control has taken a terrible toll. Oh, and Bain!!
49 posted on 06/01/2012 5:57:03 AM PDT by TonyInOhio (The dice are on the table. It is hot in Suez.)
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To: Oldeconomybuyer
It's going to be a long day - Not...


50 posted on 06/01/2012 5:57:11 AM PDT by Errant
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To: NE Cons

Abject disaster of a report. 10Y UST yields down to 1.47% in a flight for safety. U6 also increased. “Nowhere to hide” on this report.

Also QE3 is all but a guarantee now...


51 posted on 06/01/2012 5:57:20 AM PDT by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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To: magellan

What continues to effect construction is the fact that small to medium size builders can not get a loan now.
They do not have the bank line they had 2-4 years ago. So even if they have projects to build, they can not start them because of lack of credit. This trickles down to less construction jobs.

The only companies that are getting financing are the large companies building multifamily and elderly housing projects.
This is why the starts numbers have been a much higher percentage of those type of buildings.


52 posted on 06/01/2012 5:58:15 AM PDT by woodbutcher1963
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To: NE Cons
We just aren't spending enough!

53 posted on 06/01/2012 5:58:37 AM PDT by TSgt (The only reason I have one in the chamber at all times, is because it is impossible to have two in.)
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To: NE Cons

Even that 69,000 figure is laughable. They pumped the number via their Birth/Death modeling +204,000 jobs. Last month it was +206,000.

http://www.bls.gov/web/empsit/cesbd.htm


54 posted on 06/01/2012 5:59:18 AM PDT by .45 Long Colt
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To: PJ-Comix
The DUmmies are bummed out by this latest report.

GOOD! I hope the Dummies are hit hardest!

55 posted on 06/01/2012 5:59:38 AM PDT by JaguarXKE (If my Fluffy had a puppy, it would look like the puppy Obama ate!)
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To: PogySailor

“Look over there! Bain Capital! - Jay Carney:

LOL! Todays Press Conference (if not already cancelled) will be epic.


56 posted on 06/01/2012 6:02:32 AM PDT by DAC21
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To: NE Cons

Hey ‘Wrongway’ Obama you are running with the ball in the wrong direction..AGAIN!
Who’s team are you on you dufus?!


57 posted on 06/01/2012 6:02:40 AM PDT by Leep (Enemy of the Statist)
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To: NE Cons

The evolution of Obama’s view on marriage is going to have to go all the way to polygamy to take the focus off this mess.


58 posted on 06/01/2012 6:03:18 AM PDT by ScottinVA (Buying Drain-O requires photo I.D... yet voting doesn't???)
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To: NE Cons

Carney will point out that since we’re losing hundreds of thousands of millionaires, we don’t really need all those jobs.


59 posted on 06/01/2012 6:07:57 AM PDT by Thrownatbirth (.....Iraq Invasion fan since '91.)
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To: TSgt

Exellent graph. Romney and conservatives across the country should use something like that, in their races


60 posted on 06/01/2012 6:09:31 AM PDT by NE Cons (Huge Palin Fan. Was a Hard-Core Perry supporter. Now Hard-Core ABO)
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