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#8
06-01-2012, 09:31 AM
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http://www.slate.com/blogs/moneybox/...atest_redirect
The Nonfarm Payrolls Report of Doom By Matthew Yglesias | Posted Friday, June 1, 2012, at 9:01 AM ET The latest jobs report is a total disaster. We got 69,000 new jobs in May which is well below already tepid expectations and is below the labor force trend growth rate. Terrible. But it gets worse! “The change in total nonfarm payroll employment for March was revised from +154,000 to +143,000, and the change for April was revised from +115,000 to +77,000.” In other words, we gained 69,000 new jobs in May (estimated) but lost 49,000 in revisions. That leaves us with a net increase in employment of just 20,000. Disaster disaster disaster.
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