"I told you so" Total nonfarm payroll employment grew by 431,000 in May, reflecting the hiring of 411,000 temporary employees to work on Census 2010, the U.S. Bureau of Labor Statistics reported today. Private-sector employment changed little (+41,000). Non-Farm Payrolls So much for the "strong" (+200,000) private sector job growth that everyone was expecting. The futures reaction was instantaneous and violent - southbound. There has never been a so-called "V-shaped" recovery where we only managed to add 40,000 jobs. Oh, and of that "+40,000" about five times as many were fictional jobs created by the "birth-death" model in the establishment...