Friday, June 04, 2010

Jobs?...You call these Jobs?

the Admin is touting the 431K job increases for last month.

95% of this job growth is the the government sector not private sector. Many of these jobs are for TEMPORARY CENSUS WORKERS!

Hello, these jobs will go away as quick as they came! I don't get it. Yesterday I saw an article that list where people are migrating to in the U.S. Guess where that place is?

Yup. Washington D.C.!

It's not fair to say but I can't help myself...."when you're looking for a handout, you go to the source".

Sorry, I feel better now.

Economy adds 431K jobs but few in private sector
WASHINGTON (AP) -- Job creation by private companies grew at the slowest pace of the year in May, even while the hiring of temporary census workers drove overall payrolls up 431,000. The unemployment rate dipped to 9.7 percent as many people gave up searching for work.
The Labor Department's new employment snapshot released Friday suggested that outside of the burst of hiring of temporary census workers by the federal government many private employers are wary of bulking up their work forces.

That indicates the economic recovery may not bring relief fast enough for millions of Americans who are unemployed.

Virtually all the job creation in May came from the hiring of 411,000 census workers. Such hiring peaked in May and will begin tailing off in June.

By contrast, hiring by private employers, the backbone of the economy, slowed sharply. They added just 41,000 jobs, down from 218,000 in April and the fewest since January.

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