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Politics : President Barack Obama
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To: ChinuSFO who wrote (77293)6/4/2010 4:42:35 PM
From: tejek  Read Replies (2) of 149317
 
I don't get today's job report. Private employment only grew by 41K, and yet, manu. was up by 29K. In the past, there has always been a multiplier effect when it comes to manu. jobs where they create jobs in other industries, and yet, according to this report that didn't happen in May. And then there is the unemployment rate.....it ticked down....so people are saying job seekers got discouraged and left the market. However, all during the month of May there was very little changed in the initial claims numbers. Something seems screwed up.
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