Unexpectedly, of course.
Obama lied. Jobs died.
Unexpected my a$$
Could we expect another Malaise Speech, soon?
Or would that be unexpected?
Not a good way to start another “summer of recovery”.
48% of those living in this country strongly approve of this news!
Worst economy since US Grant and the Panic of 1873.
And for those of us in the real world, another vaccuous headlines where the word “unexpectedly” should be replaced with “as intended”...
The BLS has dropped 2 million people- statistically- out of the labor force in the last year.
Getting harder to fudge the numbers...
check out zerohedge...
Birth/Death Adjustment+ 206,000!
From zerohedge.com
Take away the Birth/Death adjustment of 206,000 and the Real NFP is: -150,000. This is the biggest monthly B/D adjustment in over a year. And if as all the pundit claimed last month, demanding the McDonalds addition of 62,000 janitorial, part-time jobs be added to the May number, the economy really lost over 200,000 in May. Time to price in QE 666.
A ham sandwich would be doing better at this point. Idiocy is not learning from history and expecting a different result. And that Carnie-man WH spokesman is out there trying to spin it this a.m....and you guessed it, blaming it on the ‘inherited’ factor. No trillion $$ porkulus, trillion $$ healthcare, overegulation, not allowing Boeing to build a plan in another state, no drilling, high gas prices choking off any semblance of a beginning to recovery, Chevy Volts, solar and big rail spening projects, rising food prices. They have no idea what to do. Funny how the markets waited until 6/1 to start getting real. I’ll bet the hedgies have been building their short positions for weeks.
the fact that raising taxes on individuals and S-corps making over $250K is on the table as the Democrat preferred solution has absolutely NOTHING to do with this I’m sure! /sarc
Time to prime the pump again with QE3!
Summer of Wreckovery III!
When you give unemployed people the hammock of food stamps, extended unemployment, retraining, etc. you skew the "real" stats even more.
Under my definition of unemployment, the US is probably closer to 20% than 10% right now. This will get worse as Obamanomics really kicks in. The monetary situation is headed for disaster in the next 18 months. Hussein will not survive the economic tsunami that is coming.
Laser-Like Focus on Jobs since when? 2009?