Abysmal job numbers
By: David Freddoso
Online Opinion Editor
06/04/10 10:00 AM EDT
Analysts had expected 540,000 new jobs, but cautioned that temporary U.S. Census jobs would account for 425,000 of those. In other words, the expectation was for roughly 115,000 “real” jobs.
Unfortunately, it didn’t happen that way. In fact, on net, we gained just 20,000 non-Census jobs in May.
<<< Employers added 431,000 nonfarm jobs nationwide in May, the biggest increase in a single month in a decade, the Labor Department said Friday. But the bulk of the growth was in government jobs, driven by hiring for the Census, and private-sector job growth was weak…Altogether, 411,000 of the jobs added were for Census workers whose positions will disappear after the summer. >>>
We keep hearing that the stimulus is really ramping up and that we’ll see more job creation. But perhaps the administration should just consider (as Geraghty suggested yesterday) making the Census permanent.
Read more at the Washington Examiner: washingtonexaminer.com |
