J-O-B-S Situation Back to 9.7%

by Ryan on June 4, 2010

in Economy,Election 2010,Politics

The one thing we know about the Obama Nation is that they are focused like a laser beam on that three-letter word: J-O-B-S!  So, when the numbers came out today that the unemployment rate shrank to a rosy 9.7% in May the Obama team said it was a sign that though our recovery is “still in its early stages” which portends that “our economy is getting stronger by the day.”

So, when does an optimistic job report lead to a 324-point drop in the stock market and general global financial agita? When only 41,000 of the 431,000 new jobs come from the private sector.  Nearly all of the new jobs created last month were temporary census workers, who on occasion get double-counted!  How screwed are we at the end of the day?  Very.  Very, indeed.

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