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Payrolls Huge Miss: Only 38,000 Jobs Added In May; Worst Since September 2010 (gold price soaring)
Zero Hedge ^
| June 3, 2016
Posted on 06/03/2016 5:43:42 AM PDT by Zakeet
If anyone was "worried" about the Verizon strike taking away 35,000 jobs from the pro forma whisper number of 200,000 with consensus expecting 160,000 jobs, or worried about a rate hike by the Fed any time soon, you can sweep all worries away: moments ago the BLS reported that in May a paltry 38,000 jobs were added, a plunge from last month's downward revised 123K (was 160K). The number was the lowest since September 2010!
There is no way to spin this number as anything but atrocious.
TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: artificialscarcity; bipartisan; economy; jobs; manufacturing; nimby; obamanomics; unemployment
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To: Zakeet
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...
41
posted on
06/03/2016 6:55:24 AM PDT
by
grey_whiskers
(The opinions are solely those of the author and are subject to change without notice.)
To: Zakeet
42
posted on
06/03/2016 7:03:49 AM PDT
by
massmike
(1969:Man walks on moon. 2016:Men can use the ladies room. That's progress????)
To: FirstFlaBn
"Pretty soon the Obungo acolytes wont report the number of new jobs - theyll read the names of those who got them name of the one who got one. Shouldnt take all that long" There. Fixed it.
To: Zakeet
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.
44
posted on
06/03/2016 7:12:33 AM PDT
by
TomGuy
To: Zakeet
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.
45
posted on
06/03/2016 7:14:48 AM PDT
by
Chaguito
To: MichaelCorleone
Gold is soaring, eh? Fortunately, using my obama chart translator, it's clear silver is dropping...
46
posted on
06/03/2016 7:19:53 AM PDT
by
null and void
(Progressives replaced doublethink, doublespeak with nothink, nospeak. Orwell wasn't up to the task)
To: Zakeet
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.....
47
posted on
06/03/2016 7:41:27 AM PDT
by
trebb
(Where in the the hell has my country gone?)
To: Starboard
I can see Green Shoots from here!
48
posted on
06/03/2016 8:09:09 AM PDT
by
griswold3
(Just another unlicensed nonconformist in am dangerous Liberal world.)
To: Zakeet
Remember when Biden predicted 500,000 new jobs each month?
Those were the good old days!
49
posted on
06/03/2016 8:16:27 AM PDT
by
Deo volente
("NAFTA, GATT, WTO, New World Order." George Putnam, among others, warned us.)
To: shelterguy
50
posted on
06/03/2016 8:29:06 AM PDT
by
ConservativeMind
("Humane" = "Don't pen up pets or eat meat, but allow infanticide, abortion, and euthanasia.")
To: xzins
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".
51
posted on
06/03/2016 8:33:00 AM PDT
by
okie01
(The Main)stream Media: IGNORANCE ON PARADE)
To: Zakeet
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.
52
posted on
06/03/2016 8:53:19 AM PDT
by
NohSpinZone
(First thing we do, let's kill all the lawyers)
To: Wyatt's Torch
You are back on the econ issues! Welcome! : )
I missed your comments.
53
posted on
06/03/2016 8:59:15 AM PDT
by
Chgogal
(Obama "hung the SEALs out to dry, basically exposed them like a set of dog balls..." CMH)
To: Zakeet
Obammy’s Xformation is even more successful than he could have ever hoped for.
54
posted on
06/03/2016 9:00:19 AM PDT
by
NormsRevenge
(SEMPER FI!! - Monthly Donors Rock!!)
To: griswold3
Hmmmmm, I think the Green Shoots you are seeing are WEEDS, and not the good kind. ; )
55
posted on
06/03/2016 9:00:53 AM PDT
by
Chgogal
(Obama "hung the SEALs out to dry, basically exposed them like a set of dog balls..." CMH)
To: Buckeye McFrog
Nah, he only sees important stuff in the newspapers, like us regular folks. /s
56
posted on
06/03/2016 9:08:21 AM PDT
by
Chgogal
(Obama "hung the SEALs out to dry, basically exposed them like a set of dog balls..." CMH)
To: Zakeet
“(gold price soaring)”
It’s all relative. Still down a lot from May 1.
Down BIG since high.
To: Deo volente
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
58
posted on
06/03/2016 9:41:54 AM PDT
by
mj1234
To: TomGuy
He wants to hold until January 21, at which time, the real economy will become the next (probably Republican) presidents 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.
59
posted on
06/03/2016 9:49:36 AM PDT
by
Colinsky
To: griswold3
I can see Green Shoots from here!
****************
Can Goldilocks be far away? lol
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