Thanks Barack… Despite 411,000 Census Jobs US Unemployment Back at 9.7%
Posted by Jim Hoft on Friday, June 4, 2010, 7:04 AM
Fail. 95% of job growth in May was due to government hiring.
Here is this month’s chart that shows the real unemployment rate versus the administration’s predicted rate with the passage of their trillion dollar stimulus package:
Hat Tip BB
Despite 411,000 temporary US Census jobs, the unemployment rate fell to 9.7 percent from 9.9 percent in April. The disappointing numbers stock futures to extend their losses on Friday.
CNBC reported, via Instapundit:
US stock futures extended their losses Friday after a report showed fewer jobs were added to nonfarm payrolls last month and most of those were temporary census workers.
US employers added 431,000 jobs to nonfarm payrolls in May, but 411,000 of those were temporary census workers. The private sector added just 41,000 jobs: Manufacturing, temporary help and mining added jobs, while construction declined. That number was also well short of the more than 500,000 economists had expected. The unemployment rate, however, fell to 9.7 percent from 9.9 percent in April.
“This number is extremely disappointing,” said Todd Schoenberger, managing director at LandColt trading. However, he said, it should come as no surprise. “Considering first time jobless claims have been inching higher over the past four weeks … and GDP came in at a lackluster 3%, American companies are going to be reluctant to hire.”
Related… Census worker claims government job numbers are being inflated.
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Featured Story:
Busted!… Obama Headlined a DEMOCRAT SOCIALISTS OF AMERICA Event in 1996 **FLIER**
Published May 24, 2012 at 8:46 pm - 89 Comments
David Johnson commented:
B+. Balack Oilbama!
Kevin P commented:
What’s even more disappointing is there were 1,000 census jobs added 411 times. Or was that 411 census jobs added 1,000 times – or was it…. ????
Can’t trust the numbers coming out – due to the stories reported earlier of census workers being hired/fired/hired again and again – with each hire couting as a new job.
patman commented:
Yeah. But just think about how many new pan handling jobs are being created… or is it saved and created… or is it saved…
Better call in the actuaries.
Dave-O commented:
Every unemployed person should simply declare themselves a Democrat Senatorial primary candidate. The job offers then simply come pouring in. Problem solved!!
dirtmonkey commented:
From this article: http://pajamasmedia.com/instapundit/100557/
“The unemployment rate dipped to 9.7 percent as people gave up searching for work.”
Now, wouldn’t it be nice to see the ACTUAL unemployment numbers and without the “seasonal adjusted” numbers? If you look at that number, it’s still closer to 17% in this country.
Not saying the higher number is nicer, but it would represent the truth rather than the spin.
Marie commented:
Dave-O you just made my day-O!!! LOL!
mark commented:
And a few other numbers worth considering. Census workers arrested for crimes (ie rape) highlighted the lack of proper background checks, if any, before hiring a number of those temp workers. On the other hand, some are cheering “lower number of incarcerated people.” (ie lower prison populations) Most states are letting prisoners go citing budget issues. I’m not suggesting all, but is seems a number of ex-cons are showing up in Obama central job banks. Census and ACORN and….
olm commented:
Well, looking at the stock market I would say no one believes it.
What morons.
Kevin P commented:
Dave O. #4 – I’m making that my Plan B! Thanks!
cal rifkin commented:
I’m sure not hiring anyone…there’s far too much uncertainty to make any new employer-employee relationships…far too one-sided these days…we’ll just keep on trying to get by with what we have and ride it out.
Sen. Fuller Bull - D commented:
Don’t worry the President with petty details, he has…
a golf course to get to;
a basketball court to get to;
a geriatric 60s holdover rocker with a poor sense of humor and no class to get to;
a vacation to plan;
a photo-op to plan;
a Teleprompter for Dummies book to read;
and lots of other more important issues to take care of.
seven commented:
The repo man and call center collection agencies are hot markets.
The repo man is usually an independent contractor. Under Bush, we had 8 million more jobs and 3 million less in the workforce. Remember the workforce grows by 3 million a year.
Dave In Houston commented:
Why is anyone surprised by this? The President’s policies do nothing to encourage job growth and even more fundamentally, economic growth. There is no good reason to hire now.
There is a simple fact in employment. An employee has to either make a company money or save a company money. Right now, not hiring an employee is how companies are making or saving money. It will continue this way until the governments fundamental economic policies change.
Repealing the looming Obamacare disaster is a good place to start.
Won’t happen, though. We are in a heck of mess and it is just getting worse by the day.
down with dems commented:
“Doing something is better than doing nothing.”
OBVIOUSLY NOT
Bill Mitchell commented:
You mean to tell me socialism doesn’t work and businesses aren’t motivated to hire by the prospect of ever-higher taxes and government intrusion in their affairs? You mean to say that fake “make-work” government programs are wasteful, inefficient and expensive while not actually creating long-lasting jobs based upon real economic value?
Racist!
jomojava commented:
But Plugs Biden told Charlie Rose on June 2nd that the stimulus has been “an absolute success”.
And we all know that nobody messes with Plugs.
Another Plugs brainteaser from the Rose show: “The short-term spending to spur the economy has virtually no long-term impact on the debt”.
Bill Mitchell commented:
BTW, who the hell are these “economists” who keep making these predictions, why are they ALWAYS wrong and based upon that, why do we KEEP paying any attention to them?
Bill Mitchell commented:
NEWS FLASH!
“The new employment numbers were out and they have UNEXPECTEDLY come in below estimates made by a room full of monkeys throwing their pooh against a chart drawn on the wall with crayons…”
Chisum commented:
Your Guide To Quality Fall Television
As we’ve seen in the previous two posts, Brian Williams of NBC is having second thoughts about Obama, as is Gloria Borger of CNN. Meanwhile, ABC runs an article with this metatag, and a similar, if slightly toned down headline: “Oil, Immigration, Romanoff: Is the Obama Administration Falling Apart?”
Assuming BP is able to get the oil spill in the Gulf plugged, how much of this is the media laying the groundwork for their “comeback kid” narrative to roll out…right around September or early October, and running to, oh at least, the first Tuesday in November — and possibly longer, depending upon the outcome on election night?
Who knows how the next months will play out, but it’s something to salt away for the future.
http://pajamasmedia.com/eddriscoll/2010/06/03/your-guide-to-quality-fall-television/
mark commented:
Bill #19 The “economists” come from the land of make believe. The place where Obama draws up pictures of rainbows and unicorns. In his world, if you control the propaganda machine, you can say it’s sunny outside even if it’s raining.
bg commented:
++
By The Times-Picayune
June 02, 2010, 9:27PM
Dear President Obama and Secretary Salazar
I am writing to express my grave concerns regarding the severe economic impact of a six-month (or longer) suspension of activity at 33 previously permitted deepwater drilling rigs in the Gulf of Mexico, including and in particular the 22 deepwater drilling rigs currently in operation off the Louisiana coast.
Already, Louisiana has suffered severe negative economic and ecological impacts from the BP oil spill. Our seafood industry is experiencing huge economic losses that have only been partially mitigated by a frustratingly slow and inadequate BP claims process. Moreover, our precious wetlands are suffering incalculable, permanent damages, while our tourism industry faces escalating losses.
During one of the most challenging economic periods in decades, the
last thing we need is to enact public policies that will certainly destroy thousands of existing jobs while preventing the creation of thousands
more.
The Louisiana Department of Economic Development estimates that the active drilling suspension alone will result in a loss of 3,000 to 6,000 Louisiana jobs in the next 2-3 weeks and potentially over 10,000 Louisiana jobs within a few months. If the suspension of active drilling activity continues for an extended period, LED estimates that our state risks losing more than 20,000 existing and potential new Louisiana jobs in the next 12-18 months.
Obviously these losses would come on top of those already generated by
the spill and its related effects. Moreover, the announced moratorium of deepwater drilling activity creates a significant risk that many of these drilling platforms would be relocated to other countries — along with the hundreds of high-paying jobs that they each create.
Additionally, I fully understand the need for strict oversight of deepwater drilling. However, I would ask that the federal government move quickly to ensure that all deepwater drilling is in proper compliance with federal regulation and is conducted safely so that energy production and more importantly, thousands of jobs, are not in limbo.
Thank you in advance for your swift consideration of this request.
Sincerely,
Governor Bobby Jindal
==
Nathan R. Jessup commented:
Technically speaking, shouldn’t a new job be counted every time a Census worker goes to a new house?
http://the-raw-deal.com/?p=2372
NRJ
Bill commented:
Let’s get this straight. According to the latest numbers, non-farm payroll added just 20,000 jobs nationwide. 431,000 minus 411,000 census workers (Sorry Obama, we don’t count your census goons)
So only 20K jobs throughout the entire United States of America! That’s pathetic. And even worse, I am aware of 50 of those new jobs. They were due to the opening of a new fast food joint paying roughly $7/hr. Hope and Change.
The Elector of Saxony commented:
9.7% unemployment….and that’s low by half at least. This is BEFORE the expiration of the BUSH tax cuts for small businesses, BEFORE the impact of the enormous taxes and increased costs that will be imposed by Obamacurse, and BEFORE they get a chance to pass a carbon tax that will drive business and industry to close their doors and/or move offshore in history-making numbers.
Under Obama, the Left may get its American Dream of 10$ a gallon gasoline, no WalMart, scarce food resources, no automobiles, no air conditioning, and holistic medicine practiced in mud huts by hippie doulas and native healers…unfortunately they will get utter devastation, starvation, disease, and suffering on a massive scale…oh just like all the other socialist/communist states.
bg commented:
++
The Elector of Saxony @ 8:45 am #26
New World Order Depopulation Plans Exposed,
Agenda 21 Club of Rome EnvironMentalism
i know most people don’t believe it.. eh, neither did i, that is until i took a
good look at the “collective changes” the OA has, is, and will be making,
along with their over the short & long term consequences, of which you have listed several..
==
bg commented:
++
btw, i’m surprised Obama hasn’t blamed the people
who are out of work for the lack of job creation yet..
not sarc, that’s how he operates.. gah!!
==
sliderblaze commented:
I know i’m late to the thread but my old coworker confirms the claim that the census jobs are a fraud. What i was told after i asked him when i heard about the lay offs.
They train for like four days, then he worked for about two weeks, got laid off, and hasnt worked since, all the while, they are still training new workers. Said he got put into a pool of workers when he got laid off. Question, why are they laying off workers, all the while, still training new ones?
myohmy commented:
Useless president. Nobody cares about what he does. Vacation?..check. Golf outing?..Check. Basketball?..Check. Singing with Paul MacCartney?..Check. Unemployment and tar balls?..Priceless.
Betsy Ross commented:
That chart is a hoot….can we revoke the “recovery plan” being that according to their own chart we would be doing better with no plan than with the dumb plan….ugh…I’m…so…annoyyyyyedah…